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