Redtap Ltd has given good news to its investors. The company, which has made its mark in footwear and fashion, has announced to give bonus shares in a ratio of 3: 1. Meaning, you will get 3 new bonuses on every 1 stock. This is the company’s first bonus issue, which has tremendous enthusiasm among investors.
When will the benefit of bonus share be benefited?
Redtap set a record date for bonus share on 4 February 2025. That is, if you are the shareholder of the company by this day, then you will get the benefit of bonus share. The company said that bonus shares will be given to those investors whose names will be recorded in the Register of Members.
Each share will have ₹ 2 face value and 3 bonus shares will be available on every 1 existing share. This will suddenly increase the number of shares with you, although the share price will be adjusted on February 4 according to the bonus ratio.
Redtap share performance
The Share of Aad Redtap has closed at ₹ 674.75. Its stock has seen a decline of 6.77% in the last 6 months, but it has given a return of 9.65% in 1 year.