Bonus Share: Motilal Oswal Financial Services Board approves bonus shares in the ratio of 3:1.

The stock terms of Motilal Oswal Financial Services stock terms gained much than 8% to standard 52-week precocious connected the bourses earlier closing with gains of astir 4% connected Friday station the announcement.

The institution merchandise said that "the Board of Directors of the Company astatine its Meeting held connected Friday, April 26, 2024 have, inter alia, considered and approved the Issuance of Bonus Shares successful the ratio of 3:1 i.e. 3 (Three) Equity Shares of look worth of Re. 1/- each for each 1 (One) existing Equity Share of look worth of Re. 1/- each held by the Shareholders of the Company arsenic connected Record Date, taxable to the support of the Shareholders and different statutory/regulatory approvals, consents, permissions, conditions, and sanctions, arsenic whitethorn beryllium necessary"

(More to come)

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Published: 26 Apr 2024, 03:35 PM IST