CDSL Bonus 2024: Shares of Central Depository Services (CDSL) have jumped more than 20 per cent in the last three days in anticipation of its first-ever bonus issue announcement. The company's board is set to meet today to formally announce the bonus issue.
The sharp uptick in CDSL shares started after the depository announced on June 28 that its Board is set to hold a meeting to consider and approve the proposal for issuance of bonus shares.
"A meeting of the Board of Directors of Central Depository Services (India) Limited (“CDSL/Company”) is scheduled to be held on Tuesday, July 02, 2024, inter alia, to consider and approve the proposal for issuance of Bonus Shares, if any, subject to the approval of the Shareholders of the Company," CDSL announced the BSE exchange filing.
The record date is set by the company to determine which shareholders are eligible to receive the offer. To qualify for a bonus issue, shares must be held in the demat account before the record date.
Likewise, in September 2021, the company declared a dividend of Rs 9 per share.
In segment-wise revenue, the revenue from depository activity grew by 88.3% from 98.30 crore to Rs 185.08 crore and the margins also showed a significant increase of 580 bps YoY at 61.4%, up from 55.6%.
During the fiscal year 2023-24, over 3.26 crore new demat accounts were opened, with a record 1.09 crore of these registered in the Q4 FY 23-24 alone, the highest quarterly registration of demat accounts in CDSL's history.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
2024-07-02T03:48:55Z dg43tfdfdgfd