CDSL Board Approves Bonus Share Issuance
It has fixed July 16 as the record date to determine eligible shareholders to pay final dividend of Rs 19 apiece.
The board of directors of Central Depository Services (India) Ltd. approved on Tuesday the issuance of bonus shares in a ratio of 1:1.
The central securities depository will be giving a new fully paid-up equity share with a face value of Rs 10 each for every equity share with the same face value to the eligible shareholders, according to an exchange filing.
The bonus share issuance is subject to shareholders' and regulatory approval as of now. CDSL will announce the record date to give the bonus shares soon, it said.
As of March, CDSL had 10.45 crore of outstanding shares. Out of the total outstanding, the promoter group holds 15%, and the public owns 85%.
The company has fixed July 16 as the record date to determine eligible shareholders to pay a final dividend of Rs 19 along with a special Rs 3 per equity share, it said in a separate exchange filing. The total dividend of Rs 22 per share was fixed during the annual general meeting held on May 4.
CDSL's stock was trading 1.88% lower at Rs 2,392.05 per share, compared to a 0.07% decline in the benchmark Nifty at 3:15 p.m.
