**Bonus Shares: A Game Changer in the Stock Market!**
*Standard Capital Markets Limited recently announced the issuance of bonus shares and stock split, sending shockwaves through the market. The company’s shares closed at Rs. 66.37 last Friday, and on Thursday, there was a 2% surge in its share price.*
*Standard Capital Markets Limited’s shares have skyrocketed by a whopping 600% from its lowest level of Rs. 9.59 in the past 52 weeks. However, it has also witnessed a 31% drop from its highest level of Rs. 96.*
*On Monday, 11th December 2023, the company’s shares were trading at Rs. 66.37 with a 2% increase. The next day, Tuesday, 12th December 2023, the shares rose by 1.99% to Rs. 69.0.*
**Record Date Announced:**
*The Securities and Exchange Board of India (SEBI) revealed that Standard Capital Markets Limited has declared a record date to determine the eligibility for the allocation of bonus shares and stock split to its shareholders. Those who possess the company’s shares until 29th December 2023 will be entitled to avail the benefits of bonus shares and stock split.*
**Extraordinary General Meeting (EGM):**
*On Monday, 18th December 2023, the company organized an EGM for the approval of the amendment.*
**Division Description:**
*In November 2023, the Board of Directors of Standard Capital Markets Limited approved a stock split in the ratio of 1:10. This implies that the company will divide its shares, which are currently valued at Rs. 10, into 10 equal parts. Additionally, the Board of Directors announced the distribution of free bonus shares to its eligible shareholders in the ratio of 2:1.*
*On the record date, the company will issue two bonus shares for every share held by its eligible investors.*
**About Standard Capital Markets Limited:**
*Established in 1987, Standard Capital Markets Limited is a prominent player in the stock market. It primarily focuses on…*
*Experience the thrill of bonus shares and stock split with Standard Capital Markets Limited!*
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