Eastern Logica Infoway Bonus Share 2024, Record Date, Payment Date, Share Price History and More

News: In the bustling world of stocks and shares, Eastern Logica Infoway Ltd has made a significant announcement. Brace yourselves, investors! The company is all set to reward its shareholders with a 5:1 bonus issue. But what does this mean? Let’s break it down:

What Is a Bonus Issue?

1. A bonus issue is like a little gift from the company to its existing shareholders. It’s like saying, “Hey, thanks for being part of our journey! Here, have some extra shares.”

2. In this case, Eastern Logica Infoway is offering five new bonus equity shares for every one existing fully paid-up equity share of Rs. 10 each.

Record Date: The Magic Date

1. The company has set February 21, 2024, as the record date. What’s that, you ask? Well, it’s like the VIP list for the bonus party.

2. If you’re already a shareholder on or before this date, congratulations! You’re eligible to receive those bonus shares.

Why Is This Important?

1. Bonus shares don’t come out of thin air. They’re created from the company’s reserves or accumulated profits.

2. When a company issues bonus shares, it’s a sign of confidence. It means they believe in their future growth and want to share the joy with their loyal investors.

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Eastern Logica Infoway’s Stock Performance

Let’s peek at the numbers:

1. Last Trading Price: Eastern Logica Infoway shares were trading at Rs. 1344.00 apiece on the BSE.

2. One-Year Rally: These shares have rallied an impressive 440% in the past year.

3. Market Capitalization: The company’s market cap stands at Rs. 383.13 crore.

About Eastern Logica Infoway

This small-cap gem operates in the specialty retail industry. What do they sell? Electronics products! Think computers, laptops, tablets, monitors, printers, and more. If it buzzes, beeps, or lights up, they’ve got it.

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FAQs

1. When is Eastern Logica Infoway’s Bonus Record Date?

Eastern Logica Infoway’s Bonus Record Date is set for February 21, 2024. This is the date that determines if shareholders are qualified to get bonus shares.

2. How does the 5:1 Bonus Issue ratio work?

With the Bonus Issue ratio of 5:1, it means that for every 5 shares a shareholder owns, they will get 1 extra bonus share.

3. What if I buy shares after the Ex-Dividend Date?

If you buy Eastern Logica Infoway shares on or after the Ex-Dividend Date, which is also February 21, 2024, you won’t be able to receive the bonus shares.