Phoenix Mills Ltd Announces 1:1 Bonus Share and Rs 5/Sh Dividend
Real estate sector company Phoenix Mills Ltd sets record date for 1:1 bonus share and Rs 5/Sh dividend on September 21, 2024
Phoenix Mills LtdReal Estate SectorBonus ShareDividend PayoutShareholder ValueReal Estate MumbaiSep 05, 2024
The company's decision to issue bonus shares is seen as a positive move to increase shareholder value and reward their loyalty. The 1 1 bonus share means that existing shareholders will receive one additional share for every one share they currently hold.
In addition to the bonus share, the company has also declared a dividend of Rs 5 per share. This move is expected to bring cheer to shareholders, who will receive a payout in addition to the bonus shares.
The Phoenix Mills Ltd is a leading player in the Indian real estate sector, with a portfolio of retail-led mixed-use developments across the country. The company's focus on creating lifestyle destinations has helped it to establish a strong presence in the market.
The announcement of the bonus share and dividend is subject to the approval of the shareholders and regulatory authorities. Shareholders can expect to receive the bonus shares and dividend payout once the necessary approvals are in place.
The record date for the bonus share is September 21, 2024, which means that shareholders who own shares on or before this date will be eligible to receive the bonus shares. The dividend payout will also be made to shareholders on record as of this date.
The Phoenix Mills Ltd's decision to reward its shareholders with bonus shares and a dividend payout is a testament to the company's commitment to creating value for its stakeholders. With this move, the company aims to further strengthen its relationship with shareholders and reward their loyalty.
Information
The Phoenix Mills Ltd is a leading retail-led mixed-use developer in India, with a portfolio of over 17 million square feet of retail space across the country. The company's focus on creating lifestyle destinations has helped it to establish a strong presence in the market.
The Phoenix Mills Ltd is a publicly traded company listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The company is headquartered in Mumbai, India, and has a strong presence across the country.
Tags Phoenix Mills Ltd, real estate sector, bonus share, dividend payout, shareholder value
FAQs
Q What is the record date for the bonus share?
A The record date for the bonus share is September 21, 2024.
Q What is the dividend payout per share?
A The dividend payout is Rs 5 per share.
Q Who is eligible to receive the bonus shares and dividend payout?
A Shareholders who own shares on or before the record date of September 21, 2024, are eligible to receive the bonus shares and dividend payout.
Q What is the purpose of issuing bonus shares?
A The purpose of issuing bonus shares is to increase shareholder value and reward their loyalty.
Q Is the announcement of the bonus share and dividend payout subject to any approvals?
A Yes, the announcement is subject to the approval of shareholders and regulatory authorities.
Frequently Asked Questions
What is the record date for the bonus share?
September 21, 2024
What is the dividend payout per share?
Rs 5 per share
Who is eligible to receive the bonus shares and dividend payout?
Shareholders who own shares on or before the record date of September 21, 2024
What is the purpose of issuing bonus shares?
To increase shareholder value and reward their loyalty
Is the announcement of the bonus share and dividend payout subject to any approvals?
Yes, subject to the approval of shareholders and regulatory authorities
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