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Aastha Spintex Shares Rise as 1:1 Bonus Record Date Arrives
Aastha Spintex announced a bonus share offer for its investors.
For every one share an eligible investor owned, the company will provide one additional share.
September 28 was the date used to decide who qualified.
Investors had to own the shares by the end of trading on the previous Friday.
People buying shares on the record date were not eligible for the bonus.
The share price opened at ₹37 and later reached ₹39.21.
The company’s shares have gained recently but are still below their listing level.
Its stock market debut took place about three months before this bonus announcement.
Aastha Spintex shares rose over 7% on NSE, reaching an intraday high of ₹39.21 on Monday.
September 28 was the record date for the company’s 1:1 bonus issue.
Eligible shareholders will receive one ₹10 share for every existing ₹10 share held.
Investors needed to hold the shares in their demat accounts by the end of trading on Friday.
The stock remains down 43.41% since listing despite recent gains over the past week.
- Who
- Aastha Spintex and its shareholders.
- What
- The company determined eligibility for a 1:1 bonus share issue.
- Where
- The shares traded on NSE, with the eligibility recorded through investors’ demat accounts.
- When
- The record date was Monday, September 28; the issue was approved on September 16.
- Why
- To issue one new fully paid-up ₹10 equity share for every existing fully paid-up ₹10 share held by eligible shareholders.
Key facts
- Record date
- Monday, September 28
- Bonus ratio
- 1:1
- Eligibility
- One bonus share for every one existing share held
- Face value
- ₹10 per share
- Monday opening price
- ₹37
- Intraday high
- ₹39.21
- Year-to-date performance
- Down 43.41% since listing
- IPO details
- ₹170 crore mainboard IPO; issue price ₹136 per share
Sources
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