Cigarette manufacturer to unveil 2:1 bonus share offering - key date for shareholders approaching soon
Godfrey Phillips India Announces 2:1 Bonus Issue
Godfrey Phillips India Limited, a leading tobacco company, has announced that it will be issuing a 2:1 bonus issue. The record date for the bonus issue has been set for September 16, 2025. Shareholders who hold at least one share as of this date will receive two bonus shares for every one share held. The bonus shares are expected to be credited to shareholders on or before October 3, 2025.
However, the credit timeline for the bonus issue and the funding details are yet to be disclosed.
In other market news, the government has issued a Gazette notification on insurance rules, with a feedback deadline set. This move is aimed at streamlining the insurance sector and improving its efficiency.
In the world of investments, a comparison is being made between a monthly MF SIP of Rs 10,000 and a Rs 10 lakh lump sum investment. The comparison is intended to help investors understand the long-term benefits of systematic investment planning.
Meanwhile, the subscription for Amanta Healthcare IPO has started today. The IPO's Grey Market Premium is over 20%, indicating a strong demand for the shares. Eight stocks also have their ex-date for dividend and stock split today.
On the energy front, the government has reduced LPG prices, making cooking gas cylinders cheaper from today. This move is expected to provide relief to consumers, particularly in cities where the new rates for cooking gas cylinders can be found.
Lastly, the meeting between Prime Minister Narendra Modi and Chinese President Xi Jinping has resulted in 10 key takeaways. The details of these takeaways are yet to be disclosed, but they are expected to shape the future relationship between the two nations.
