RITES share jumped more than 10% in morning trade as the company will trade Ex Bonus and Ex Dividend today.
Friday, September 20, 2024, is the record date for eligibility for a 1:1 bonus and dividend of ₹5 per share. To be eligible for the Bonus and Dividend, investors were needed to purchase RITES Ltd shares at least one day earlier, on September 19, 2024, so that their names appear on the shareholders list by September 20, 2024.
According to RITES Ltd’s release on the Exchanges, the Dividend was to be paid to shareholders whose names appear in the Company’s Register of Members as well as those whose names appear in the Statements of Beneficial Ownership furnished by NSDL and CDSL at the end of business hours on Friday, September 20, 2024 (“Record Date”).
Furthermore, the record date of September 20, 2024, indicated eligibility for bonus shares. The company had approved a 1:1 bonus issue of one (1) equity share of Rs. 10/- each fully paid-up for every one (1) existing equity shares of Rs. 10/- each fully paid-up.
As of 9:57 am, RITES shares were trading 9.06% higher at Rs 370.00 on the NSE.
