Bosch approves 1:5 split and 3:1 bonus issue
In short
Bosch approved a 1:5 stock split and a 3:1 bonus issue, subject to shareholder approval.
If approved, one share would become 20 shares with a face value of ₹2 each. The move matters for shareholders because it changes the number of shares they hold.
What the reporting says
Bosch approved a 1:5 stock split and a 3:1 bonus issue, subject to shareholder approval. The moves would turn one existing share into 20 shares with a face value of ₹2 each, according to the company action reported in the brief. The announcement followed a strong one-year rally in the stock.
Why it matters
Bosch approved a 1:5 stock split and a 3:1 bonus issue, subject to shareholder approval. Together, the actions would convert one existing share into 20 shares with a face value of ₹2 each. The brief ties the corporate action to the company's strong one-year share performance and to the potential effect on existing shareholders.