On Thursday trading session PC Jewelers turned ex-bonus, the date was fixed for the bonus issue of share as June 7, 2017.
The company is engaged in the business of export of jewelry, retail, and manufacturing also offers a range of products including 100% hallmarked gold jewelry, silver jewelry, and certified jewelers with a focus on demand jewelry and jewelry for weddings.
For existing share holders bonus shares are free shares issued by the company. This is issued in a ratio of shares an investor hold toincrease the number of shares in the market which changes the Earning Per share.
A Date on the seller, not the buyer of a stock will be entitled to a recently announced dividend, bonus or other corporate action is called an Ex-date, which is usually a business day prior to the record date since T+2 trading cycle is followed for clearing and settlement of trades in India.
The company has 540600 NSE+BSE shares were traded in to counter with Rs 8982.15cr of current market cap.
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