NSE gives preliminary approval for 3-for-5 bonus issue
VIVIANA · price
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On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.9 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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NSE granted preliminary approval for Viviana Power Tech to issue and allot 3,796,800 bonus shares of Rs 10 each, at 3 new shares for every 5 existing shares. Final approvals and other statutory clearances are required. The record date will be announced later.
Eligible holders may receive 3 free shares for every 5 held, with no cash cost. The share count will rise and each holder's ownership percentage will fall.