Motherson Sumi Wiring gains on listing of 126.31 crore bonus shares
Motherson Sumi Wiring India Bonus Share: The company had earlier this month issued bonus shares to its shareholders. The company distributed two bonus shares for ever 5 shares to its share holders.
Motherson Sumi Wiring India Bonus Share: Shares of Motherson Sumi Wiring India Ltd, NSE: MSUMI, traded higher on Monday, November 28, as 126.31 crore bonus shares issued by the manufacturer of wiring harnesses made stock market debut. The stock opened at Rs 57.20 apiece on NSE and climbed 1.50 per cent to hit day's high of Rs 57.90 at 9:42 AM.
Earlier on November 25, the company had received trading approval from BSE and NSE for the bonus issue of 126,31,73,695 equity shares of Re 1 each aggregating Rs 126.31 crore as fully paid-up bonus shares.
"....The shares will become tradeable on both BSE Limited and National Stock Exchange of India Limited effective Monday, November 28, 2022...," the company said in exchange filing.
Motherson Sumi Bonus
Rajasthan Assembly Election Exit Polls Results 2023 LIVE: BJP holds edge in close fight with Congress in Rajasthan — Check BJP, Congress seat projection
Mizoram Assembly Election Exit Polls Results 2023: Will MNF retain power in state? Here is what exit polls suggest
Madhya Pradesh Election Exit Polls Results 2023 Live: Congress and BJP neck and neck in Madhya Pradesh; Check BJP, Congress seats
Chhattisgarh Exit Poll Results 2023 Live: Will Congress retain power in state? Here is what exit polls suggest
India vs Australia 4th T20I Free Live Streaming: When and Where to watch IND VS AUS T20I series Match LIVE on Mobile Apps, TV, Laptop, Online
ICC T20 World Cup 2024: Uganda creates history, qualifies for T20 World Cup; Namibia in; Zimbabwe exits
The company had earlier this month issued bonus shares to its shareholders. The company distributed two bonus shares for ever 5 shares to its share holders.
In past month, the counter has yielded a negative return of around 5 per cent while it has delivered a positive return of over 24 per cent in the last 6 months. Motherson Sumi Wiring India's stock 52-week range is Rs 71.15 - Rs 40.00.