Transformers and Rectifiers stock zooms 5% after board approves bonus share issue, fundraising
1 day ago

Transformers and Rectifiers stock zooms 5% after board approves bonus share issue, fundraising

Live Mint  

Transformers and Rectifiers, on Wednesday, said that its board has approved a 1:1 bonus share, which means that investors will get one additional share for every share. Transformers and Rectifiers stock surged nearly 5 per cent to record high to ₹1,300 per share on Bombay Stock Exchange. In 2013, the company had issued one bonus share for every nine shares held by its shareholders. Transformers and Rectifiers Q3 FY25 results For the December quarter, Transformers and Rectifiers posted 252 per cent rise in its a net profit at ₹55 crore, against ₹15.6 crore in the same period last year.

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Upcoming bonus shares: 2 stocks at upper circuit limit granting 1:2 and 1:1 bonus issue in the coming weeks of April
1 year, 9 months ago

Upcoming bonus shares: 2 stocks at upper circuit limit granting 1:2 and 1:1 bonus issue in the coming weeks of April

Live Mint  

A corporate action recognized as the issuance of additional shares to current shareholders of a corporation, typically in proportion to their current shareholding, is known as a bonus share. The Board of Directors may suggest the issuance of bonus shares in a resolution with a certain ratio, and the company's shareholders must later ratify this proposal at a general meeting. …

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