New Delhi:
Central Depository Services Limited (CDSL) has decided to reward its shareholders with bonus shares.
The company’s board approved issuing one bonus share for every existing share held.
This move is scheduled for completion by September 1, 2024, pending various approvals.
Details of the Bonus Share Issue
CDSL’s board of directors recommended offering one bonus share for each share with a face value of Rs 10.
Shareholders holding CDSL shares on the record date, which will be announced soon, will be eligible for these bonus shares after necessary approvals.
Stock Performance and Financial Highlights
Following the announcement, CDSL’s stock price saw a minor decline of 1.11% to Rs 2410.
Since its listing in 2017 at Rs 149 per share, CDSL has shown robust growth, trading significantly above its IPO price, reflecting a multibagger return of over 1000% in the last five years.
Dividend Announcement
Additionally, CDSL declared a final dividend of Rs 19 per share for the fiscal year 2023-24, along with a special dividend of Rs 3 per share, totaling Rs 22 per share.
Shareholders will approve these dividends at the Annual General Meeting (AGM) scheduled for August 17, 2024.
The record date for dividend entitlement is set for July 16, 2024.
This version retains all the essential information while presenting it in a clear and structured manner with two headings to break down the details effectively.
