As the stock traded ex-bonus today, the price of Sky Gold’s shares reached a 5% upper circuit on Monday. The adjusted price of Sky Gold shares following the bonus share issue surged to a high of ₹465.70 per share on the BSE.
Today was the ex-date for Sky Gold’s 9:1 bonus share issue. For the bonus share offering, the corporation had set December 16 as the record date.
Nine new fully paid-up equity shares will be issued for every existing fully paid-up equity share, according to the bonus shares ratio of 9:1.
“We wish to inform you that the Company has fixed Monday, 16th December 2024 as the Record Date to determine the equity shareholders of the Company eligible for bonus equity shares of the Company,” Sky Gold said in a regulatory filing on December 2.
The purpose of the record date is to determine which shareholders are eligible to receive corporate advantages like stock splits, bonus shares, or dividends. Investors are eligible for corporate actions if they have shares in their demat account on or before this record date.
Shareholders must buy the stock at least one day prior to the ex-date in order to be eligible for the advantages because of the T+1 settlement cycle.
In September 2022, a 1:1 ratio announcement was made regarding the Sky Gold bonus share offering.
Sky Gold: Share Price Trend
Investors have benefited greatly from Sky Gold’s share price, which has increased by more than 42% in a single month and by about 250% over the previous six months. The price of Sky Gold’s shares has risen by a staggering 2,200% in two years and more than 5,000% in three, with multi bagger returns of more than 367% year-to-date (YTD).
With a market capitalization of ₹6,824 crore on the BSE, Sky Gold shares were still stuck at a 5% upper circuit of ₹465.70 per share at 10:00 AM.
