CDSL Central Depository Services Bonus Issue

CDSL Central Depository Services listed on the National Stock Exchange (NSE ) has announced Bonus shares to all its Shareholders 
 
The Shares of CDSL has been gaining significantly from the last 9 trading sessions. It recently made an all time high of Rs. 2989/- and is currently trading at Rs. 2917/-
 

Details of the Bonus Issue

CDSL has decided to allot bonus shares in the ratio of 1:1 which means each shareholder will receive one equity share for every equity share held.
 
For the purpose of being eligible to avail Bonus Shares, the Record Date is 24th August which means by 24th August shares should have been credited in the DEMAT account of the shareholders.
 
In this Case 22nd August is the last day by which you can apply for shares in CDSL so that the shares would be made available by 23rd August for delivery in order to be eligible for receipt of Bonus Shares
 

Disclosures made by CDSL regarding Bonus Issue 

  1. 10,45,00,000 Equity Shares would be issued as Bonus Shares having Face Value of Rs. 10/- each
  2. The issuance of Bonus Shares shall be from capitalization of free reserves including general reserves and retained earnings of the Company
  3. 1:1 i.e. 1 (One) new fully paid-up 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 to the eligible Shareholders of the Company as on Record Date, i.e., August 24, 2024
  4. Pre: 10,45,00,000 Equity Shares of face value of  Rs. 10/- each aggregating to share capital of  Rs. 1,04,50,00,000/-
     Post: 20,90,00,000 Equity Shares of face value of Rs. 10/- each amounting to share capital of  Rs. 2,09,00,00,000/- 
  5. Rs. 10,94,93,000/- would be capitalized from General Reserves and Rs. 93,55,07,000/- from Retained Earnings
  6. As on March 31, 2024: General Reserves: Rs. 10,94,93,000/- Retained Earnings: Rs. 10,47,89,01,000/- 
  7. Within two months from the date of the Board approval i.e. on or before September 01, 2024

 Disclaimer :

 It is important to note that the analysis was purely for the purpose of education and information to those interested in evaluating the performance of CDSL.The information is from Sources who track CDSL. Kindly do not consider this as a buying or selling recommendation. Consult your financial advisor before taking positions in CDSL