ITC trades ex-bonus; hits fresh 52-week high
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ITC has rallied nearly 6% to Rs 260 (adjusted to bonus), also its fresh 52-week high on the National Stock Exchange (NSE) in early morning trade. The stock was traded ex-bonus (1:2) on Friday.
The board of directors of the company at its meeting held on May 20, 2016, had recommended the issue of bonus shares in the proportion of 1 (one) bonus share of Rs 1 each for every existing 2 (two) fully paid-up ordinary shares of Rs 1 each.
The company has fixed record date as July 04, 2016 for the purpose of determining members who would be entitled to the bonus shares. The said bonus shares will be credited by July 19, 2016.
At 09:18 AM, the stock was up 2% at Rs 252 on the NSE. A combined 1.96 million shares changed hands on the counter on the NSE and BSE so far.
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