Description
BSE circular regarding bonus issue announcement for Godfrey Phillips India Ltd.
Summary
BSE has announced a bonus issue for Godfrey Phillips India Ltd. (Scrip Codes: 500163, 100163). This corporate action involves the issuance of additional equity shares to existing shareholders at no cost.
Key Points
- Company: Godfrey Phillips India Ltd.
- Scrip Codes: 500163, 100163
- Corporate Action: Bonus Issue of Equity Shares
- Exchange: BSE (Bombay Stock Exchange)
Regulatory Changes
No specific regulatory changes mentioned in this circular.
Compliance Requirements
- Shareholders must hold shares as of the record date to be eligible for bonus shares
- Companies must comply with SEBI guidelines for bonus issues
- Proper disclosure and timely communication to shareholders required
Important Dates
Specific dates including record date, ex-date, and credit date would be mentioned in the detailed circular (PDF content not accessible).
Impact Assessment
Bonus issues typically result in:
- Increased number of shares outstanding
- Proportional reduction in share price
- No change in total market capitalization
- Enhanced liquidity in the stock
- Positive sentiment among existing shareholders
Impact Justification
Bonus issue affects shareholding structure and may impact stock price and liquidity