Nazara Technologies Ltd. is attracting attention in the stock market today. Investors should act quickly because September 25 is the last date to buy shares and qualify for the company’s 1:1 bonus issue and 1:2 stock split. Starting from September 26, the stock will trade excluding these benefits.
Currently, the company’s share price is slightly down, trading at ₹1,115.20.
1:1 Bonus Issue Details
Nazara Technologies has announced a 1:1 bonus issue. This means that for every 1 share held, investors will receive 1 extra fully paid-up equity share (face value ₹2).
Record Date: September 26, Friday.
Eligibility: Only investors who have Nazara shares in their demat accounts on this date will qualify.
Due to India’s T+1 settlement rule, shares must be purchased one day before the record date. So, buying on September 26 won’t make investors eligible.
Bonus Share Credit
The free bonus shares will be credited to investors’ demat accounts on Monday, September 29. A notification will also be sent by the depository firm. These bonus shares can be traded in the market from September 30 onwards.
Stock Split Announcement
Along with the bonus issue, Nazara Technologies has also announced a stock split.
The face value of shares will be reduced from ₹4 to ₹2.
Record Date: September 26, same as the bonus issue.
A stock split increases the number of shares while reducing their face value. This makes the stock more liquid and affordable for investors. However, the total value of the investment remains the same.
