When it comes to investment, opportunities often arise unexpectedly, giving you a chance to enhance your portfolios and boost your returns. As we approach the month of August 2023, the financial market is abuzz with anticipation for the release of upcoming bonus shares. However, this time the list is not exhaustive.
In August this year, Kamdhenu Ventures will be the sole company issuing bonus shares.
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Kamdhenu Ventures is a company that focuses on the paint business. It was demerged from Kamdhenu Ltd, a leading brand in the steel industry, in 2022. The company aims to expand its presence in the decorative and industrial paints segment with a wide range of products and services. Kamdhenu Ventures is listed on the BSE and NSE with the scrip name KAMOPAINTS.
To check the status of the bonus shares, you can do the following:
Please note that bonus shares may take up to 15 days to be credited to your account and may not be immediately available for trading until approved. Also, the company's share price may fall in proportion to the bonus issue, and the earnings per share (EPS) may decrease. Therefore, you should consider the impact of bonus shares on your investment value and returns.
You are eligible for bonus shares if you own company shares before the ex-date and record date. The ex-date is the date on which the share price is adjusted to reflect the bonus issue, and the record date is the cut-off date set by the company to determine who will receive the bonus shares.
Whether you hold Kamdhenu Ventures shares or other company shares, receiving bonus shares is mostly beneficial. Firstly, you effectively increase your shareholding in the company by receiving additional shares without any cost. This may enhance your potential returns. The bonus share issuance showcases the company's financial confidence and commitment to rewarding shareholders. Additionally, it aims to attract retail investors by reducing share prices, adding liquidity, and increasing market appeal.
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