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News Topical, Digital Desk : Anand Rathi Wealth Limited has made a significant announcement for its investors. The company stated in a filing that it has recommended issuing bonus shares. The company's board has proposed issuing bonus shares in a 1:1 ratio.

This means that eligible shareholders will receive one new fully paid-up equity share for every one equity share they hold. The face value of each share has been fixed at ₹5.

What are the details?
The company stated that the bonus share issuance will be funded through the capitalization of reserves. However, this proposal will be subject to shareholder approval and necessary regulatory and statutory approvals.

Regarding the record date, the company stated that information will be provided separately. Based on the record date, it will determine which investors will receive the bonus shares.

Market experts believe that the announcement of bonus shares may increase investor interest in the stock and is considered a sign of the company's strong financial performance.


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