A bonus share is a free share of stock given to current shareholders in a company, based upon the number of shares that the shareholder already owns. While the issue of bonus shares increases the total number of shares issued and owned, it does not change the market capitalization of the company.
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What are Rights Issue?
When a company wants to raise capital, issue of fresh shares to the existing shareholders is one option available to the company. In such an issue, existing shareholders have the right to buy a specified number of new shares of the company at a ...
Who is eligible for bonus shares?
Shareholders who own shares of the company prior to the record date set by the company are eligible for bonus shares.
When will the Bonus shares be credited in my demat account?
The bonus shares will get credited in your demat account 10-15 days after the record date.
How client will receive the benefits of corporate actions such as dividend/rights/bonus?
If shares lying in demat account: Client will receive shares/ dividend/ bonus/ interest directly from the company's registrar into his/her bank account/ demat account or through cheque/ DD. Shares lying in trading/ pool account: Client will receive ...
How do I apply for a Rights Issue at IIFL?
The process of applying for a rights issue is through ASBA (Applications Supported by Blocked Amount). If your bank supports it, you can apply online just like an IPO. If not then you would have received a courier of the Composite Application Form ...