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Bonus Share: There is good news for investors betting on bonus shares in the stock market. Us Bio Tech Ltd has announced bonus shares. The company is offering one share for every share as bonus to eligible investors. The good thing from the investor’s point of view is that the record date set by the company is this month itself. The company’s share price has seen an increase of more than 12 percent on Friday.
Good news for Jio shareholders, Reliance investors are also happy to hear the announcement
When is the Record Date (Us Bio Tech Ltd Bonus Share Record Date)
The record date has been set for Tuesday, August 29, 2023, US Bio Tech Ltd said in a disclosure to the stock markets. That is, the investor whose name will remain in the record book of the company on this day will get the benefit of bonus shares. Let us tell you that the company had earlier announced the record date on August 25. But then it was changed.
The IPO received a good response, with 70 percent subscriptions on the first day, priced at Rs. 75
The company is earning in the stock market (multibagger stock).
On Friday, shares of Us Bio Tech Ltd rose 12.83 percent on the BSE. After which the share price of the company has closed at the level of 394.90 rupees. In the last one month, the share price of the company has seen an increase of 29 percent. At the same time, investors who bought and held this stock 6 months ago have made 88 percent profit so far. Let us tell you that during the last one year, this multibagger stock has returned 347 percent to its local investors.