ALGOQUANT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Algoquant Fintech Ltd has announced a bonus issue of shares to its existing shareholders. A bonus issue is a free allocation of additional shares to investors based on their current holdings, funded from the company's reserves. The specific bonus ratio, record date, and ex-date details are not mentioned in the headline and would need to be confirmed from the full filing. Bonus issues increase the number of outstanding shares without changing the company's market capitalisation.
Shareholders will receive additional shares for free, increasing their share count. The stock price typically adjusts downward on the ex-date in proportion to the bonus ratio. Overall shareholder value usually remains unchanged immediately after the issue.