Safari Industries (India) Ltd.

Safari Industries Ltd Bonus Issue Update

12/12/2023

The company has declared a bonus issue in the ratio of 1:1, which means the company will issue one additional or extra share for every share held by its eligible investors as of the record date. The company has fixed December 12 as the record date for determining the eligibility of shareholders for the bonus issue. On December 11, 2023, the price of Safari Industries was quoted at Rs.3,936/share. However, the stock went ex-bonus today in the ratio of 1:1 (3936/2 =Rs.1968). Hence, the price was adjusted based on the above ratio and the new price is Rs.1968. Shareholders are requested to take note of the same.