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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 in the future in the form of higher dividends. The company had earlier given the gift of one bonus share for one in the year 2007.
Bharat Seats is going to give bonus shares. A decision on this will be taken in the board meeting to be held on 5 November 2024.
Bharat Seats' stock has seen a sharp rise. The stock opened at Rs 164.20 against Tuesday's closing price of Rs 164.20. After the news, the stock crossed Rs 180.
What does Bharat Seats do- The company was started in the year 1986. The company is in the business of making seats.
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