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NBCC to Consider Bonus Shares Issue on Aug 31, It’s First Since 2017

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Synopsis:

NBCC Limited. will consider a bonus shares proposal on August 31, its first since 2017. The record date is set as September 6, 2024. The NBCC share price closed at ₹177.45, rising 0.83%, and has surged 248.97% over the past 12 months, delivering strong returns to investors.

NBCC Bonus Shares News Today

State-run NBCC Limited has announced that its board will meet on August 31, 2024, to discuss a proposal for issuing bonus shares. This would mark the first time the company has considered such a proposal since 2017.

Previous Bonus Issue in 2017

The last bonus shares issued by NBCC were in 2017 when the company declared a 1:2 bonus issue. In this arrangement, shareholders received one bonus share for every two shares they held. The company has not yet determined the record date for any potential bonus issue this time around.

NBCC (INDIA) LIMITED

Trade

99.29-1.36 (-1.35 %)

Updated - 13 December 2024
101.60day high
DAY HIGH
97.61day low
DAY LOW
6941105
VOLUME (BSE)

Dividend Announcement and Record Date

Earlier this week, NBCC also fixed September 6, 2024, as the record date for a dividend payment of ₹0.63 per share. This dividend is contingent upon approval by shareholders at the upcoming Annual General Meeting (AGM) scheduled for September 25, 2024.

NBCC Share Price Performance

The NBCC share price has demonstrated strong performance over the past year. On Tuesday, the stock closed at ₹177.45, registering a modest gain of 0.83% for the day. However, the stock has delivered a remarkable return of 248.97% over the last 12 months, significantly enhancing investor wealth.

Recent Projects

This year in May 2024, the company secured ₹400 crore projects in Kerala and Chhattisgarh from the Court Receiver of the Supreme Court of India. While the Chhattisgarh project is valued at ₹250 crore, the Kerala project is valued at ₹150 crore.

Key Takeaways

NBCC’s forthcoming board meeting to discuss the bonus shares proposal marks a significant development for shareholders. Investors keep a close eye on NBCC’s share price movement as they await the board's decision on August 31, which could further influence the stock.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

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