Central Depository Services Limited (CDSL) announced their first-ever issuance of bonus shares to shareholders in a 1:1 ratio .
This means that for every one share a shareholder owns, they will receive one additional bonus share. A total of 104.5 million new shares with a face value of Rs 10 each will be issued, for a total value of Rs 104.5 crore.
The record date for determining eligible shareholders has not been announced yet, and the issuance is expected to be completed within two months of the board approval date, on or before September 1, 2024 .
It’s important to remember that while the number of shares you hold will double as a result of the bonus issue, the overall market capitalization of the company will remain the same. This is because the bonus shares are essentially a stock split, dividing the existing shares into a larger number of shares with a lower price per share.
