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The company had given 2 bonus shares for 5 shares for the first time in the year 2018. After this, bonus shares were given again in the year 2023. But the ratio was one bonus share for one. Now, on 18 October 2024, one bonus share was given for one. This clearly means that the number of shares held by an investor who has 100 shares will become 200. But the share price will be halved.
This company is Raghav Productivity Enhancers Ltd. It is the world's largest Silica Ramming Mass manufacturing company. It is used in the metal industry.
Bonus shares-When a company gives shares to investors for free, it is called bonus shares. Investors get bonus shares in a specific ratio. After the bonus issue, the equity capital increases, but there is no change in the face value. Due to no change in the face value, the investor benefits from it in the future in the form of higher dividends.
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