Bonus Share and Stock Split: If you invest money and do trading in the stock market, then you will be very familiar with the basic terms of the market. You must have heard about bonus shares, dividends or stock splits many times while trading. In this connection, Easy Trip Planners listed in the stock market is going to give the gift of bonus shares to its investors. The company, in a filing with the Bombay Stock Exchange, said that the company has approved bonus shares in the ratio of 3:1. That is, the investors of this company will be given 3 shares as bonus on 1 share. Apart from this, the company has also approved a stock split in the ratio of 1:2.
Information given to BSE
The company informed the BSE i.e. Bombay Stock Exchange on Monday and told that the board meeting was held on 10 October 2022. It was informed in the meeting that the Board of Directors has approved the splitting of each equity share of face value of Rs.2 each into two equity shares of face value of Re.1.
Apart from this, 3 bonus shares will be issued by the company for every equity share. These bonus shares will be credited to the investors’ account within 2 months of the board’s approval. Apart from this, the company is also going to focus on increasing the authorized share capital.
Return up to 38% in last 1 year
The shares of Easy Trip Planners Limited have given bumper returns to the shareholders in the last 19 months. The company’s shares were trading at the level of Rs 104.15 on the Bombay Stock Exchange on 19 March 2021 and on 10 October 2022, the level of shares of this company was Rs 406.70. Talking about the returns, so far this year the company has given a return of up to 52 percent to the shareholders and from the last 1 year till now, the company has given a return of up to 38 percent.