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Godfrey Phillips shares rose by 10% to Rs 7323.75 on Friday, September 13, 2024, as the company announced a 2:1 bonus share plan. Investors holding 1 share will receive 2 additional shares after a 2800% dividend.
Godfrey Phillips Ltd, a mid-cap FMCG company, Godfrey Phillips share price jumped 10.17% on September 13, 2024, closing at Rs 7323.75 on the BSE. The company, known for its presence in the cigarettes and tobacco sector, has delivered a strong return of 66.76% in the last 30 days and surged 250% year-to-date (YTD). With a market capitalization of Rs 38,079.05 crore, the stock continues to gain investor attention, including increased FII/FPI holdings.
The Board of Directors of Godfrey Phillips is scheduled to meet on September 20, 2024, to discuss the issuance of bonus shares in a 2:1 ratio. The shareholders who have the share till the record date announced will be eligible for this. Following the proposed issue, shareholders will receive two bonus shares for every one share held. This announcement follows a significant dividend payout of 2800%, further fueling positive sentiment around the Godfrey Phillips share price.
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