MAS Financial Services Bonus Share 2024, Record Date, Payment Date, Share Price History and More

News: MAS Financial Services, a prominent non-banking financial company (NBFC), has recently announced a bonus share issue for its shareholders. If you’re an investor or curious about financial news, read on to understand what this means and how it impacts you.

What Are Bonus Shares?

Bonus shares, also known as scrip dividends, are additional shares distributed by a company to its existing shareholders. These shares are given free of cost, based on the number of shares an investor already holds. The purpose of bonus shares is to reward loyal shareholders and enhance liquidity in the stock market.

MAS Financial Services Bonus Share Details

Record Date: The record date for the bonus share issue is February 22, 2024. If you own MAS Financial Services shares on or before this date, you’ll be eligible for the bonus.

Bonus Ratio: The company has declared a bonus in the ratio of 2:1. This means that for every one existing fully paid-up equity share of Rs. 10, shareholders will receive two new fully paid-up bonus equity shares of the same value.

Reason for Bonus: MAS Financial Services achieved a significant milestone by crossing Rs. 10,000 Crore Assets Under Management (AUM) on a consolidated basis. As a gesture of appreciation to its shareholders, the company decided to issue bonus shares.

Impact on Shareholders

Increased Holdings: If you’re an existing shareholder, your total shareholding will increase due to the bonus issue. For example, if you currently hold 100 shares, you’ll receive an additional 200 bonus shares.

Market Liquidity: Bonus shares enhance liquidity in the stock market. More shares in circulation mean increased trading activity.

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Dividend Announcement

In addition to the bonus shares, MAS Financial Services has also announced an interim dividend of Rs. 3 per equity share (30% of the face value of Rs. 10) for eligible shareholders. The record date for the dividend is January 22, 2024.

About MAS Financial Services :

MAS Financial Services Limited is a leading non-banking financial company (NBFC) in India, specializing in providing various financial services. As an investor or someone interested in financial news, here’s what you need to know about MAS Financial Services:

Core Services: MAS Financial Services offers a range of financial solutions, including:

• Loan Services: They provide loans to businesses, helping them meet their financial needs.
• Housing Finance: Offering support for homebuyers and homeowners.
• Agriculture Loans: Supporting farmers and agricultural activities.
• Business Loans: Assisting entrepreneurs and enterprises.

As an investor, staying informed about corporate actions like bonus shares and dividends is crucial. MAS Financial Services’ bonus share issue reflects its commitment to rewarding shareholders and strengthening investor confidence.

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FAQs

Q: When is the bonus share distribution recorded?

A: The bonus share distribution gets recorded on February 22, 2024.

Q: How much bonus do shareholders get for each share?

A: Shareholders get a bonus of Rs 10 for each share.

Q: When will the bonus payment happen?

A: The company hasn’t shared the date for the bonus payment yet.