Stock Split and Bonus Share: Shares of chemical sector company Best Agrolife Limited are going to be in the headlines next week due to its corporation action. The company has decided to do both bonus shares and stock split. The record date for this has been fixed on Friday 16th January. This means that only those shareholders who hold shares of the company till January 16 will be able to take advantage of these corporate actions.
Will issue bonus shares in the ratio of 1:2
Best Agrolife said in a communication sent to the stock exchanges that it will issue bonus shares to its shareholders in the ratio of 1:2. This means that for every 2 shares held by each investor of the company, one share will be given as bonus i.e. for free.
The company told the stock exchanges that along with the bonus shares, it will also do a stock split in the ratio of 1:10. Stock split means division of shares. The company said that it will divide each of its shares of face value of Rs 10 into 10 shares of face value of Rs 1 each.
status of shares
Best Agrolife is a smallcap company with a market cap of around Rs 1,000 crore. Shares of the company closed at Rs 436.00 with a rise of 0.35 per cent on BSE on Friday, January 9. So far in the month of January, the company’s shares have seen a spectacular rise of about 15 percent. However, its shares have declined by 21 percent in the last one year.
about the company
Best Agrolife is an agrochemical company, which manufactures crop protection products for farmers. The company has a wide range of products like herbicides, insecticides and fungicides. The company sells its products in India as well as in foreign markets. The company is known for its innovation capability, patented products and farmer-centric strong distribution network. The company’s focus is on understanding the needs of farmers and providing better and effective solutions, which helps in increasing the productivity of farming.
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