SG Mart Bonus Share 2024, Record Date, Payment Date, Share Price History and More

News: SG Mart, a prominent player in the stock market, has recently announced a bonus share issue for its shareholders. In this article, we’ll delve into the details of this exciting development, including the record date, payment date, and a brief overview of SG Mart’s share price history.

Bonus Share Issue

A bonus share is like a little gift from the company to its existing shareholders. When a company declares a bonus issue, it means that shareholders will receive additional shares without any extra cost. It’s a way for the company to reward its loyal investors.

Record Date

The record date is a crucial milestone in the bonus share process. On February 22, 2024, SG Mart will fix the record date. What does this mean? Well, if you’re an SG Mart shareholder on or before this date, you’ll be eligible to receive the bonus shares. It’s like being on the guest list for a special party!

Sub-Division of Shares

Along with the bonus shares, SG Mart is also planning a sub-division of its existing equity shares. Currently, each equity share has a face value of Rs. 10. After the sub-division, every one equity share of Rs. 10 will be split into ten equity shares of Re. 1 each. It’s like breaking a big chocolate bar into smaller, bite-sized pieces!

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Bonus Equity Shares

For every one equity share of Re. 1 that you hold, SG Mart will generously give you one bonus equity share of Re. 1. So, if you have ten shares, you’ll get ten bonus shares. It’s like getting an unexpected bonus at work!

Payment Date

The payment date is when the bonus shares will be credited to your demat account. While the exact payment date is yet to be announced, it’s expected to happen within two months from the board’s approval. So, keep an eye on your account statements!

Share Price History

SG Mart’s stock has been on a rollercoaster ride. On January 9, 2024, the share price soared to a high of Rs. 10,715.20. Investors have witnessed multifold returns, with the stock zooming 254% in the last six months.

About SG Mart :

SG Mart is a notable player in the stock market. Recently, it has made headlines with its bonus share issue for existing shareholders. Let’s take a closer look at what SG Mart is all about:

SG Mart: A Brief Overview

SG Mart is a company listed on the stock exchange. It operates in various sectors, including retail, finance, and technology. Here are some key points about SG Mart:

1. Business Operations: SG Mart is involved in retail operations, offering a wide range of products to consumers. From groceries to electronics, it caters to diverse customer needs.

2. Financial Performance: Over the years, SG Mart has demonstrated robust financial performance. Its revenue growth, profit margins, and market capitalization have attracted investors’ attention.

3. Stock Market Presence: SG Mart’s shares are actively traded on stock exchanges. Investors buy and sell these shares based on market trends, company performance, and other relevant factors.

4. Bonus Share Issue: The recent announcement of a bonus share issue reflects SG Mart’s commitment to rewarding its shareholders. By issuing bonus shares, the company aims to enhance shareholder value.

SG Mart’s bonus share issue is a win-win for shareholders. So, mark your calendar for the record date, and get ready to enjoy those bonus shares!

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FAQs:

Q: When is SG Mart planning to hand out the bonus shares?

A: SG Mart hasn’t told us the exact date for giving out the bonus shares yet.

Q: How many bonus shares are coming to shareholders?

A: Shareholders are in for a 1:1 bonus share treat, meaning they’ll get an extra share for each share they already have.

Q: How much is SG Mart’s market capitalization?

A: SG Mart’s market capitalization is sitting at a value of 6404.3 Crore INR.