Dhyani Tiles Company recently announced the distribution of free bonus shares to its eligible shareholders. However, the company has now made changes to the record date for these bonus shares. Investors need to take note of the new record date in order to avail the benefits of the bonus shares. This change in the record date has come as a surprise to the shareholders of the company, as it has caused a decline in the company’s share price. On Friday, December 8, 2023, Dhyani Tiles’ share was trading at ₹98.12 with a decrease of 5.00%. The announcement of the new update on the bonus shares left investors slightly disappointed. The company’s shares are currently experiencing a significant sell-off pressure. In the information sent to SEBI, the company stated that it had earlier announced the record date on December 7, 2023, to determine the eligibility of shareholders for the allocation of bonus shares. Now, the company has changed the date to December 12 as the new record date. Dhyani Tiles Company had announced the distribution of 9 bonus shares for every 5 shares with a face value of ₹10. This is the first time the company will be distributing free bonus shares to its shareholders. During Thursday’s trading session, the company’s shares were also stuck in the lower circuit of 5% and the share price fell to ₹103.28. Over the past month, Dhyani Tiles’ shares have provided investors with returns of over 12%. In the past year, the company’s share price has increased by 49%.
★Recently, Dhani Tiles company announced the distribution of free bonus shares to its eligible shareholders.
★The company has now announced a change in the record date for the bonus shares.
★Investors need to make note of the new record date to avail the benefits of the bonus shares.
★The change in the record date has caused a shock to the company’s shareholders as it has led to a decline in the company’s share price.
★On Friday, December 8, 2023, Dhani Tiles shares were trading at INR 98.12, with a decrease of 5.00%.
★When the company announced the update on the bonus shares, investors were disappointed.
★The company’s shares are currently trading under pressure of massive selling.
★In the communication sent to SEBI, the company stated that it had announced the record date for the allocation of bonus shares as December 7, 2023, to determine the eligibility of shareholders.
★Now, the company has changed the date to December 12 as the new record date.
★Dhani Tiles company had announced the distribution of 9 bonus shares for every 5 shares with a face value of INR 10.
★This is the first time the company is distributing free bonus shares to its shareholders.
★In the Thursday trading session, the company’s shares got stuck in the lower circuit of 5%, and the share price dropped to INR 103.28.
★In the past month, Dhani Tiles shares have provided a return of over 12% to its investors.
★In the past year, the company’s share price has increased by 49%.
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