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HPCL is set to hold a board meeting to discuss the issuance of bonus shares, marking the third time the company has done so. The record date is yet to be announced.
In the past, HPCL has allocated bonus shares twice. In 2016, it issued bonus shares at a ratio of 2:1, allowing shareholders to receive two additional shares for each share held. In 2017, the company issued bonus shares at a ratio of 1:2.
Companies issue bonus shares to utilize their accumulated free reserves, enhance their Earnings Per Share (EPS), augment their... Read the full article for FREE at COINOTAG!
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