look news india
Sky Gold Shares: Good news for Sky Gold shareholders. The company has recently announced bonus shares in the ratio of 9:1. That means, if you have 1 share of this company till the record date, then you will get 9 shares free. Let us tell you that Sky Gold had said on October 26 that its board has approved the issuance of bonus shares in the ratio of 9:1. However, the record date has not been announced yet. Now the board meeting of the company has been fixed on 13th November. Let us tell you that the current share price of the company is Rs 3400.
The company has already distributed bonus shares at Sky Gold's market cap of ₹4,985.44 crore. Sky Gold had earlier issued bonus shares in 2022 at a ratio of 1:1, meaning one free share for each. Let us tell you that bonus shares are additional fully paid shares issued by a company to its existing shareholders. When a company issues bonus shares, its shareholders do not incur any additional costs to obtain them. The number of bonus shares you receive depends on the number of shares you already hold in the company.
The company's shares have risen 30% in a month and 175% in the last six months. The stock is up 240% so far this year and 351% over the last year. Let us tell you that Sky Gold is active in the business of designing, manufacturing and marketing of gold jewellery. The company offers a variety of designs to suit the preferences of its customers.”