Multibagger Stock Turns Ex-Bonus Today, Shares Zoom: Issue Ratio & Record Date

  • Investing.com
  • Stock Market News
Multibagger Stock Turns Ex-Bonus Today, Shares Zoom: Issue Ratio & Record Date
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Shares of the tech-enabled visa processing company BLS International Services (NS: BLSN ) began trading ex-bonus in the ratio 1:1 on Thursday. At the time of writing, they were zooming 8.8% at Rs 196.2 apiece.

The company announced last month that its Board of Directors, in a meeting recommended to issue bonus equity shares in the proportion of one new share of Re 1 each to eligible shareholders for every existing one equity share held by them, at no additional cost.

The record date for the corporate event was later set as December 10, 2022. Eligible shareholders for the corporate benefit would be those holding the shares of the company as on the record date

BLS International is a multibagger stock that has skyrocketed almost 300% in a year.

The IT service management firm has reported an 83.4% YoY jump in net profit to Rs 50.37 crore and an 86.6% YoY rally in its net income at Rs 360.3 crore during the quarter ending September 2022.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100

Related Articles