Viviana Power Tech Limited has informed the Exchange about received in - principle approval for issue and proposed allotment of bonus equity shares
VIVIANA · price
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Viviana Power Tech Limited has received in-principle approval from the Exchange for the issue and proposed allotment of bonus equity shares to its shareholders. A bonus issue means the company will distribute additional free shares to existing shareholders from its reserves. The exact bonus ratio and record date have not been disclosed in this announcement.
Bonus issues are generally viewed positively by retail investors as they increase the number of shares held without additional cost, though the share price typically adjusts downward proportionally. Shareholders should wait for further details on the ratio and record date before assessing the actual benefit.