The Securities and Exchange Board of India (Sebi) has implemented a new rule for credit of bonus shares in demat accounts of investors, to be in force from October 01, 2024. NBCC's bonus share issue's record date is Monday, October 07, 2024, with the Ex Bonus Date also on the same day. However, since all stocks in India now follow T+1 settlement cycle, only those investors who have bought NBCC shares latest by Friday, October 04, 2024 will be eligible for the bonus issue. Stay updated and follow News24 for the latest news and updates on the NBCC bonus share issue.
NBCC Bonus Share Issue: A Comprehensive Overview
Background
National Buildings Construction Corporation Limited (NBCC), a state-owned enterprise under the Ministry of Housing and Urban Affairs, announced a bonus share issue in a ratio of 1:2 on June 29, 2023. This means that for every two shares held by an investor, they will receive one additional bonus share. The record date for the bonus issue is October 7, 2024.
Key Points
Top 5 FAQs
1. When will NBCC bonus shares be credited to my account?
Bonus shares will be credited to eligible shareholders' demat accounts on October 7, 2024.
2. Am I eligible for NBCC bonus shares?
You are eligible for NBCC bonus shares if you have purchased NBCC shares by October 4, 2024, and held them until October 7, 2024.
3. What is T+1 settlement cycle?
T+1 settlement cycle means that the transaction will be settled one day after the trade date. In the case of NBCC bonus shares, only those investors who have purchased the shares by October 4, 2024 will be eligible for the bonus issue.
4. What are the Sebi rules for crediting bonus shares?
According to Sebi's new rules, bonus shares will be credited to the demat accounts of investors only if they have purchased the shares before the record date and held them until the credit date.
5. What is the benefit of bonus shares?
Bonus shares increase the number of shares held by investors without any additional investment. This can improve the investor's overall returns and enhance the liquidity of the stock.
Conclusion
NBCC's bonus share issue is a positive development for shareholders, as it increases their stake in the company without any additional investment. Investors who are considering purchasing NBCC shares should ensure that they do so before October 4, 2024 to be eligible for the bonus issue.
US-based private equity firm Tillman Global Holdings (TGH) is reportedly in advanced discussions to invest up to $6 billion in Vodafone Idea Ltd, which could lead to a change in operational control. However, the investment is contingent on the Indian government providing comprehensive relief covering AGR and spectrum payment dues. If the deal goes through, it could dilute existing promoter holdings, including those held by Aditya Birla Group and Vodafone Plc. While the news has boosted investor sentiment, analysts caution that government approval and debt restructuring clarity are key to the execution of the deal.
The Indian real estate market is undergoing a major shift with rising home prices, as apartments priced between Rs 2 crore and Rs 5 crore now dominate sales. This change has been highlighted by a Redditor who expressed concerns over the dwindling chances of middle-class buyers to afford a house. According to a Moneycontrol report, the trend is a result of big developers focusing more on luxury projects, leaving affordable housing in the backseat. As a result, home ownership for the middle-class seems like a distant dream, with even government employees struggling to afford these expensive properties.
Vodafone Idea's share price saw a significant increase of 14% after the Supreme Court provided further clarity on the AGR dues issue. The court clarified that the government can consider providing relief for both additional and reassessed AGR dues, giving some respite to the struggling telecom operator. At the time of writing, Vodafone Idea's share price was trading at Rs 9.51, with a gain of 8.93%. This comes after the court's previous hearing which did not provide a clear ruling on whether the relief applies to only Vodafone Idea's plea or the entire pending AGR amount of nearly Rs 80,000 crore.
After failing to meet Apple's internal sales expectations, the ultra-thin iPhone Air is facing a significant production cut of 80%. The initial prediction of reducing production by one million units has now been deemed insufficient, highlighting deeper concerns about the device's market performance. This setback raises questions about the competitive landscape of high-end smartphones and hints at Apple's next possible move towards a foldable iPhone.
In an effort to secure their rights to their intellectual property, the Board of Control for Cricket in India (BCCI) has announced a new copyright agreement that will be in effect until 2025. This move ensures that BCCI maintains its exclusive right to reproduce, broadcast, and use any of its content, including images and videos, for commercial purposes. With the deal also covering the use of BCCI's logos and trademarks, it gives the governing body a tighter grip over its assets and sets a precedent for other sports organizations to follow suit.
The Social Security Administration recently released updates for 2026, including a potential 2.7% increase to benefits. However, the official announcement of the cost-of-living adjustment (COLA) could be delayed due to the government shutdown. While an increased COLA is positive for beneficiaries, some argue that it still may not keep up with the rising cost of living. Additionally, beneficiaries who currently receive physical paper checks will need to make arrangements for direct deposit or a Direct Express card to continue receiving their benefits.
The Indian government has given its approval for the formation of the 8th Central Pay Commission, which will be tasked with assessing and making recommendations around pay, benefits, and working conditions for over 1.2 crore central government employees and pensioners. The Commission, which will have a chairperson, a part-time member, and a member-secretary, will have 18 months to complete its work and will also look at emolument structures and conditions in the private sector and CPSUs. The recommendations are expected to be implemented from January 1, 2026.
Prime Minister Narendra Modi launched the Gyan Bharatam Portal, dedicated to preserving and promoting India’s vast and unique manuscript heritage. Speaking at the Gyan Bharatam International Conference, PM Modi emphasized the importance of preserving India’s knowledge legacy and adapting to changing times. He also highlighted how the ancient manuscripts reflect India’s diverse cultural heritage and contribute to humanity’s progress in various fields.
The Bharat International Rice Conference (BIRC) 2025, organized in New Delhi, has gathered delegates from over 80 nations, aiming to boost India's rice export share from 40% to 60%. IREF National President Prem Garg highlighted the need for increased export to benefit Indian farmers and declared the rice industry to be self-sufficient. The event, with participation from farmers, diplomats, and exporters, also emphasizes on banning pesticides and government support with ports and logistics to further boost the industry.
Prime Minister Narendra Modi's announcement, coinciding with the 150th birth anniversary of Sardar Vallabhbhai Patel, to showcase only indigenous Indian dog breeds at the upcoming National Unity Day Parade highlights the country's reliance on self-sustained K9 forces. The Ekta Diwas Samaroh celebrated India's diversity and unity, while PM Modi emphasized the significant role of indigenous dog breeds in Indian military and cultural traditions. With the current population of 150 Indian breeds deployed in strategic areas, the initiative, which gained momentum after PM Modi's visit to the BSF National Dog Training Centre in 2018, showcases the agility, stamina, and adaptability of these breeds in diverse terrains and climates.