HPCL- Hindustan Petroleum Corporation Limited Announce 1:2 Bonus Share Issue: See All Details

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HPCL- Hindustan Petroleum Corporation Limited Announce 1:2 Bonus Share Issue: See All Details

Hindustan Petroleum Corporation Limited (HPCL) has announced to bonus share to investors who are holding HPCL Shares before the record date. 21 June 2024 is the record date. If an investor wants to take benefit of this bonus share of HPCL then the investor has a share in their Demat account on 20 June 2024 (On record Date). The last day of purchase for HPCL shares is 20 June. If the Investor purchases HPCL share till 20 June 2024 then they are eligible to take benefit of the bonus share.

1:2 Bonus share meaning: 

A 1:2 bonus share means that for every 2 shares held by an investor, they will receive 1 additional share for free.

On the reference of HPCL 1:2 bonus share announcement means in simple terms if the investor holds two shares in their demat account they will receive one extra share in their demat. In other words for every two shares that shareholder have they receive one additional share in their respective demat account.

Time to receive Extra share in Demat:

Receive an extra or bonus share in the Demat account to the shareholder or investor on 8 July or before if the investor is eligible for a bonus according to the company announcement this date can be changed by the company’s next announcement.

HPCL Required fund for bonus share:

During the declaration of the 4th quarter result for the financial year 2024. The HPCL stated that it required funds of 709.27 crore from the company’s reserves/share premium to implement the bonus share issue.

Watch more: https://www.stockfinance.in/2024/06/dee-development-engineers-ipo-subscribe.html

Disclaimer: - 

The Stockfinance Provides Stock market news for knowledge & information purposes only and should not recommended, and not advised to investment. Readers do your own research OR take advice from a SEBI-registered qualified financial advisor before making any investment decisions.

Location: India

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