Announced Sat, 11 Jul · 13:50 IST
2:1 bonus, Rs 275 cr subsidiary guarantee, restructuring nod approved
GOODLUCK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.2%1-day move
₹1561.70
prior close
₹1573.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.0+0.7+1.4+3.2+1.2+0.9+0.5-1.4+0.2-0.4————
Up moveDown movePending
AI summary
Goodluck India board approved a 2:1 bonus (2 free shares for every 1 held). About 6.64 crore new shares from Securities Premium, taking total to 9.97 crore. Record date yet to be set. Final dividend per share adjusted from Rs 3 to Rs 1 post-bonus, total payout unchanged. Board also gave in-principle nod to merge Goodluck Green Energy into the company, and approved Rs 275 crore corporate guarantee for subsidiary Goodluck Defence and Aerospace's HDFC Bank loan.
Likely market impact
Generous 2:1 bonus rewards shareholders, share price will adjust lower. Subsidiary guarantee and restructuring signal growth plans.