Upcoming bonus shares in June 2023 | Motilal Oswal

Upcoming bonus shares in June 2023

Bonus shares are additional shares of a company's stock that are distributed to existing shareholders at no cost. Companies usually give bonus shares when they are not able to pay cash dividends to shareholders because of liquidity concerns. In some cases, companies may also offer bonus shares to avoid paying Dividend Distribution Tax (DDT), otherwise levied on cash dividends.

Bonus shares can offer investors lucrative opportunities. Here are some upcoming bonus shares in June 2023 to keep an eye out for.

List of bonus shares in June 2023

1. IndiaMART InterMESH Limited

IndiaMART InterMESH Limited is an online B2B marketplace in India. The company is an eminent player in the Indian e-commerce space, with a large user base of both buyers and suppliers. Founded in 1996, the online platform covers a wide range of industries, including chemicals, wood, agriculture, textiles, machinery, electronics, apparel, and more. IndiaMART InterMESH Limited caters to small, medium and large enterprises as well individual sellers and buyers.

IndiaMART InterMESH Limited announced a bonus share of 1:3 on April 26, 2023. The record and the ex-bonus date for the same is June 05, 2023.

2. Hardwyn

Hardwyn is an architectural hardware and glass fittings manufacturing company based out of India. It offers industrial solutions for residential and commercial structures, including door hardware, glass fittings, furniture fittings, bathroom accessories, electronic safes, digital locks, and access control systems. The company was founded in 1965 and has been operational for over five decades. 

Hardwyn announced a bonus share of 1:1 on April 28, 2023. The record and the ex-bonus date for the same is June 21, 2023.

To sum it up

It is important to note that bonus shares do not offer an immediate cash benefit to shareholders like cash dividends. However, they increase the number of shares held by an investor, which can further lead to better profits, increased liquidity, and the potential to meet future financial goals. 

When investing in companies with bonus shares, it is important to have a Demat and trading account. Motilal Oswal offers a free Demat account that allows investors to enjoy quick, hassle-free investing in the upcoming bonus shares in June 2023. 

Related Articles: What are Bonus Share? Eligibility Criteria & Benefits | When do Bonus Shares get credited in Demat Account

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