16 Sep 2025 | 3 Mins Read
Godfrey Phillips' 2:1 bonus shares may boost shareholder equity
Flipitmoney
Godfrey Phillips' stock price adjusted to a 2:1 bonus issue, initially appearing to crash 66% but actually rising 9% after becoming ex-bonus. The bonus issue rewarded existing shareholders, increasing the total shares from 5.2 crore to 16 crore, without changing the market capitalization at Rs 57,401 crore, or the P/E ratio near 161.