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NBCC Share News: NBCC stock rallied over 4% in early trade on October 7 as it traded ex-bonus. The surge comes after the company announced the issuance of 1:2 bonus shares, which was approved in the board meeting held on August 31, 2024. The board of directors of NBCC during the meeting approved the issuance of one fully paid-up equity share for every two existing shares, subject to shareholders' approval in the forthcoming Annual General Meeting. The record date for determining shareholders' eligibility for bonus shares has been fixed as Monday, October 7, 2024.
According to a company statement, the issuance of bonus shares will utilize ₹90 crores of NBCC's free reserves as reflected in its audited financial statements as of March 31, 2024. The company currently has reserves and a surplus of ₹1,959 crore for capitalization.
NBCC plans to issue a total of 90 crore new equity shares of face value ₹ 1 each, taking the total post-bonus share capital to 270 crore shares from 180 crore shares. The bonus shares are expected to be paid out by October 31, 2024.
NBCC Bonus Share History
The company had also given bonus shares in the ratio of 1:2 in February 2017.
NBCC Dividend History
The company had paid a dividend of Rs 0.63 in September 2024, a dividend of Rs 0.54 in September 2023, a dividend of Rs 0.50 in September 2022, a dividend of Rs 0.47 in September 2021, and a dividend of Rs 0.135 in November 2020.
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