Karur Vysya Bank bonus shares today: How the move will impact KVB stock price and holdings
Karur Vysya Bank bonus shares today: How the move will impact KVB stock price and holdings
1) Shares of Tamil Nadu-based Karur Vysya Bank (KVB) are in focus as the lender turns ex-date for its bonus issue on Tuesday.
2) The stock had closed at Rs 264 apiece on Monday and will trade ex-bonus in the ratio of 1:5 — meaning investors will receive one additional share for every five fully paid-up equity shares of Rs 2 each held.
3) The record date to determine eligible shareholders has been fixed for Wednesday, August 27.
4) Stock prices are seen down by 18%. This is bonus impact
5) All this is for information. This is not a buy/sell recommendation. KARURVYSYA
Thank you,
Technofunda24
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