Fiem Industries Bonus Share 2024, Record Date, Payment Date, Share Price History and More

News: Before we dive into the specifics of Fiem Industries’ bonus share, let’s understand what a bonus share actually means. A bonus share is an additional share given to existing shareholders of a company at no extra cost. It’s like a little gift from the company to its loyal investors. These bonus shares are distributed in proportion to the number of shares an investor already holds.

Fiem Industries Limited: An Overview

Fiem Industries Limited is a company operating in the auto ancillaries sector. It’s a small-cap stock that has been making waves recently. And guess what? They’ve just announced a bonus issue!

The Bonus Share Details

1. Record Date: Fiem Industries has fixed 28th February 2024 as the record date for the bonus issue. This means that if you’re holding shares of Fiem Industries on or before this date, you’re eligible for the bonus shares.

2. Bonus Ratio: The bonus issue is in the proportion of 1:1. For every existing equity share of Rs. 10/- each that you hold, you’ll receive an additional bonus equity share of Rs. 10/- each. It’s like doubling your share count without spending a penny more!

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Share Price History

Fiem Industries’ shares have been on a rollercoaster ride. Recently, they hit a fresh 52-week high after announcing the bonus share. Investors are buzzing with excitement!

What Does It Mean for You?

If you’re already a shareholder of Fiem Industries, mark your calendar for the 28th of February. That’s when the bonus shares will be credited to your account. And if you’re not yet part of the Fiem family, maybe it’s time to consider joining the ride!

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Frequently Asked Questions

1. When is the record date for the bonus share issuance?

The record date for the bonus share issuance is scheduled for February 28, 2024.

2. Who can receive the bonus shares?

Shareholders who possess Fiem Industries shares on or before the record date are eligible to receive the bonus shares.

3. How are dividends and bonus shares different?

Dividends and bonus shares are distinct. Dividends are given based on the company’s profit distribution policy, whereas bonus shares are issued to shareholders as an extra benefit.