Hindustan Petroleum (HPCL) Q4 Results: Potential Bonus Equity Share on the Horizon

• Hindustan Petroleum Corporation Limited (HPCL) has announced a board meeting on May 9, 2024, to discuss and approve the issuance of bonus shares to its shareholders.
• The record date for the issuance of these bonus shares is yet to be declared by the company.
• This will be the third time the company will be distributing bonus shares if approved by the board.

HPCL is set to hold a board meeting to discuss the issuance of bonus shares, marking the third time the company has done so. The record date is yet to be announced.

HPCL’s History of Bonus Shares

In the past, HPCL has allocated bonus shares twice. In 2016, it issued bonus shares at a ratio of 2:1, allowing shareholders to receive two additional shares for each share held. In 2017, the company issued bonus shares at a ratio of 1:2.

The Purpose and Impact of Bonus Shares

Companies issue bonus shares to utilize their accumulated free reserves, enhance their Earnings Per Share (EPS), augment their... Read the full article for FREE at COINOTAG!