What is a bonus action
A bonus ratio of 1:1 means that a shareholder will get an additional share of the company when he owns a share of the same company. So, if an investor owns 100 shares of a company, the investor will receive an additional 100 shares for free. Here, two companies have been mentioned that offer free shares at a ratio of 1:1. The free stock offer can attract more investors to a company, as it indicates that the company is showing considerable growth and expects the same in the long term. The free share offering can increase the shares outstanding, which improves the liquidity of the company’s shares. Thus, the size of the company will also increase with the capital gain issued.
Nazara Technologies Ltd.
Nazara Technologies Ltd. announced a 1:1 ratio free share on May 13, 2022. The record date for the free shares will be June 27, 2022 and the ex-bonus date will be June 24, 2022.
The current market price of Nazara Technologies Ltd. stood at Rs. 1,046.95/share on NSE, down 2.61% in one day, till the last trade. Over the past year the company’s share price has fallen 31.93%, over the past 6 months the share price has fallen 51.61%, while over over the past month, the stock price has fallen by 12.62%. The market capitalization of this small cap company is Rs. 3,444 crores.
Nazara Technologies is an India-based diversified sports media and gaming platform with operations in India and in emerging and developed global markets such as Africa and North America with offerings in interactive gaming ecosystems , eSports and playful early learning, as the company officially mentions.
Minda Industries Ltd.
Minda Industries Ltd. announced a 1:1 ratio free share on May 24, 2022. The record date for the free shares will be July 8, 2022 and the ex-bonus date will be July 7, 2022.
The current market price of Minda Industries Ltd. stood at Rs. 894.85/share on NSE, down 1.97% in one day, till the last trade. Over the past year, the company’s share price has increased by 36.67%, over the past 6 months the share price has fallen by 14.58%, while during in the past month, the stock price jumped 5.36%, in a bear market. The market capitalization of this large cap company is Rs. 25,747 crores. The company offers a dividend yield of 0.17%.
Founded in 1958 and making its mark in the international automotive component manufacturing network, UNO Minda is positioned as a leading Tier 1 supplier of proprietary automotive solutions for Original Equipment Manufacturers (OEMs). The group’s turnover exceeds 1 billion US dollars.
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