Stocks that were in focus include names like Hero MotoCorp, which was down 3.24%, Power Grid which fell 5.17%, and IDBI Bank, whose shares gained 8.5% on Tuesday.
The company s Board has also recommended the issue of bonus shares in the ratio of 1:3. This means, for every three shares investors hold, they will get one additional share. The proposed bonus issue is subject to the approval of the shareholders of the company in the ensuing annual general meeting. The estimated date by which bonus shares will be credited is 25 September 2023.
The proposed bonus issue is subject to approval of the shareholders of the company in the ensuing annual general meeting. The estimated date by which bonus shares will be credited is September 25. The Board has also approved raising of funds up to Rs 12,000 crore from the domestic market through bonds under private placement during FY25 in one or more tranches.