NSE board approves 4:1 bonus issue, dividend of Rs 90 per share

A company issues bonus shares for their shareholders in order to increase the liquidity of the stock as well as to decrease its stock price thereby making it affordable for investors. All shareholders who own company shares before the record date, which is determined by the firm, are eligible for additional shares. The dividend is 9,000% on the face value of each share for the financial year ended March 2024.

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