JM Financials Bonus Issue and Stock Split

JM Financials Bonus Issue and Stock Split has been announced by the company. The board of the directors of the company also declared a dividend of Rs. 5 and a special purpose dividend of Rs. 20 to the share holders of the company.

JM Financials Bonus Issue Ratio is announced at 3:2 (3 Bonus shares for every two shares held by the share holders of the company and Stock split in the ratio of 1:10 (One equity share of Rs. 10 each will be sub divided in to 10 equity shares of Rs. 1 each).

JM Financials Bonus and Stock Split news has helped the shares move up smartly by 5 per cent to end at Rs. 1627 on the NSE.