Mayukh Dealtrade Limited (now Sattva Sukun Lifecare Ltd) has announced a bonus share issuance in a 3:5 ratio. This penny stock, trading below ₹3, has a record date of January 17, 2025.
Penny Stock: Mayukh Dealtrade Limited has announced good news for its shareholders. The company plans to issue bonus shares, which could be a good opportunity for investors in this penny stock currently trading below ₹3. The company has declared a bonus share ratio of 3:5, meaning 3 bonus shares will be issued for every 5 shares held. This means investors holding 5 shares will receive an additional 3 bonus shares.
Record Date and Plan Details
The company has announced the record date for the bonus shares as January 17, 2025. Shareholders holding shares on this date will be eligible for the bonus. This plan, approved by shareholders on December 31, 2024, involves the issuance of 3 new fully paid-up equity shares for every 5 existing fully paid-up equity shares.
Share Price Increase
Mayukh Dealtrade Limited's share is currently trading at ₹2.12, showing an approximate 70% increase in the last six months. The company operates in the media, steel, and infrastructure sectors. Recently, the company changed its name to Sattva Sukun Lifecare and is now trading under this new name.
Company Background
Established in August 1980, Mayukh Dealtrade has operated in various sectors including consumer goods, steel, media, and infrastructure. However, the company's primary focus is now on portfolio management, which forms the core of its current business.
What are Bonus Shares?
Bonus shares are a type of corporate action where companies issue additional or free shares to their shareholders. Issuing bonus shares does not affect the market capitalization of the company. When bonus shares are issued, the market price of the shares is adjusted according to the bonus ratio. This helps the company increase the liquidity of its shares and makes more shares available to investors.
Investment Cautions
(The information provided in this article is obtained from various investment experts and brokerage firms and does not represent subkuz.com. Always consult a certified expert before making any investment decisions.)
