MAS Financial Services Ltd announces 2:1 Bonus Issue

MAS Financial Services Ltd has crossed an important milestone of Rs. 10,000 Crore Assets Under Management (AUM)* on a consolidated basis and in order to reward the shareholders for their loyalty and investment in the Company, the Board of Directors have recommended the issue of Bonus Shares in the proportion of 2:1 i.e. 2 (Two) new fully paid-up bonus equity share of Rs. 10/- (Rupees Ten only) each for every 1 (One) existing fully paid-up equity share of Rs. 10/- (Rupees Ten only) each held by the Members of the Company as on the Record Date, subject to approval of the Members of the Company.

The Board has fixed Record Date for reckoning eligible Members of the Company entitled to receive bonus shares, as Thursday, February 22, 2024.

The Bonus Shares once allotted shall rank pari-passu in all respects and carry the same rights of the existing Equity Shares and shall be entitled to participate in full in any dividend and other corporate action(s), recommended and declared after the issue and allotment of such Bonus Shares.

Shares of MAS Financial Services Limited was last trading in BSE at Rs. 971.60 as compared to the previous close of Rs. 961.20. The total number of shares traded during the day was 55213 in over 3892 trades.

The stock hit an intraday high of Rs. 988.15 and intraday low of 958.70. The net turnover during the day was Rs. 53802702.00.

Source : Equity Bulls

Keywords

MASFinancialServices INE348L01012 BonusIssue 2For1 AUMMilestone Shareholders Loyalty