Choice International Bonus Share 2024, Record Date, Payment Date, Share Price History and More

What Is the Choice International Bonus Share?

News: Choice International, a mid-cap stock, has recently made an exciting announcement for its shareholders. The company’s board of directors has approved a bonus issue in the ratio of 1:1. But what does this mean for investors? Let’s break it down in simple terms.

Understanding the Bonus Issue

What Is a Bonus Issue?

1. A bonus issue, also known as a bonus share or scrip issue, is when a company distributes additional shares to its existing shareholders at no cost.

2. In this case, Choice International will issue one additional share for each fully paid-up equity share held by shareholders.

The 1:1 Ratio Explained

For every one equity share of Rs 10 each that you currently hold, you will receive one bonus share of Rs 10 each.

Record Date and Crediting of Bonus Shares

1. The record date is the date on which the company determines who is eligible for the bonus shares.

2. Within two months from the board’s approval, the bonus shares will be credited to eligible shareholders.

Choice International Share Price History

1. Over the last 12 months, Choice International shares have performed exceptionally well, gaining over 100%.

2. This impressive growth has outpaced the domestic benchmark index, which rose by only 23% during the same period.

3. The company currently boasts a market capitalization of Rs 5,489.58 crore.

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About Choice International

1. Choice International is a financial services conglomerate with a rich history dating back to 1993.

2. Their expertise spans various financial domains, making them a trusted name in the industry.

Investors, keep an eye out for the record date when the bonus shares will be determined. If you’re a shareholder, get ready to enjoy the benefits of this exciting development! Remember, more shares mean more ownership in the company. 

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FAQs

Q: When is the record date for the bonus share?

A: The record date for the bonus share is February 20, 2024.

Q: How much bonus does each share get?

A: Each share will get a bonus of Rs 10.

Q: Has the payment date for the bonus been announced?

A: No, the company has not disclosed the payment date for the bonus yet.