A 1:1 bonus issue means the company grants one additional share for each share an investor owns. However, the investment’s total value remains unchanged, as the stock price is proportionally adjusted to reflect the increased number of shares.
Astral shares fell nearly 6% on Monday after the company’s board approved the demerger of its chemicals business into a newly incorporated entity, Astral Chemie.
Analysts at Nomura and Jefferies, however, maintain ‘Buy’ ratings, with Nomura highlighting Anup Kumar Saha as a strong internal candidate. Despite the leadership change, analysts
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