Description
BSE circular regarding bonus issue announcement for Valiant Communications Limited.
Summary
BSE has announced a bonus issue by Valiant Communications Limited (Scrip Code: 526775). This circular contains details regarding the bonus share allotment to existing shareholders.
Key Points
- Company: Valiant Communications Limited
- Scrip Code: 526775
- Corporate Action: Bonus Issue
- Exchange: BSE
Regulatory Changes
No regulatory changes. This is a standard corporate action announcement.
Compliance Requirements
- Company must allot bonus shares as per the approved ratio
- Shareholders on record date are eligible for bonus shares
- Company must update shareholding records post-allotment
Important Dates
Specific dates for record date, ex-date, and allotment would be mentioned in the detailed circular.
Impact Assessment
Bonus issues increase the number of outstanding shares proportionally for existing shareholders without changing the total market capitalization. This typically improves liquidity and makes shares more affordable for retail investors. Existing shareholders receive additional shares at no cost based on their current holdings.
Impact Justification
Bonus issue is a significant corporate action that affects shareholding structure but does not change market capitalization