August 23, 2024
New Delhi, India
CDSL Shares
Shares of Central Depository Services Limited (CDSL) surged over 6% on August 24 as the stock began trading ex-bonus. The bonus issue, in a 1:1 ratio, has contributed to a strong performance by the stock, which has risen by 28% in the past month.
Ex-Bonus Trading: Today marked the ex-bonus date for CDSL shares, with the company’s bonus issue officially taking effect. As a result, shareholders will receive one additional share for each share they hold. This adjustment has led to a 6% increase in the stock’s value during today’s trading session.
Bonus Issue Details: CDSL had earlier announced a 1:1 bonus issue, meaning that shareholders will receive one free share for every one share they hold as of the record date, which was set for August 24. The bonus issue was approved by shareholders at the company’s recent Annual General Meeting (AGM).
Stock Performance: CDSL shares have been on a strong upward trajectory, gaining in 10 of the last 12 trading sessions. The anticipation of the bonus issue has fueled this rally, with the stock climbing 28% over the last month.
Eligibility for Bonus Shares: Shareholders who held CDSL shares in their demat accounts as of the close of trading on Thursday, August 24, will be eligible to receive the bonus shares. This move is part of the company’s strategy to reward its investors and increase liquidity in the stock.
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