Sky Gold gets board approval for 9:1 bonus issue

28 Oct 2024 , 01:59 PM

Sky Gold’s board of directors approved a 9:1 share bonus issuance, which means that investors will receive 9 more shares for every share they own in the firm.

The record date will be revealed in due course.

A corporation gives bonus shares to its shareholders to enhance the stock’s liquidity and lower its price, making it more cheap for investors. 

Bonus shares are fully paid additional shares issued by a firm to its current owners. When a company provides bonus shares, the shareholders do not pay any additional fees to obtain them. The number of bonus shares you receive is determined on the number of shares you currently own in the company.

Sky Gold specializes in the design, manufacture, and marketing of gold jewellery. The organization provides a wide range of designs to meet the interests of its consumers.

It offers a wide variety of styles and includes studded American diamonds and colourful stones into many of its jewellery goods. Gold jewellery is available for special events such as weddings and festivals, as well as for everyday use, with options for all ages and genders at various price ranges.

At around 12.51 PM, Sky Gold was trading 0.43% higher at ₹3,502 per piece, against the previous close of ₹3,487.05 on NSE. The counter touched an intraday high and low of ₹3,665, and ₹3,312.70, respectively.

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