An issue of additional shares to shareholders instead of a dividend, in proportion to the shares already held.
- During the period under review, the bank rewarded its shareholders through a bonus issue in the ratio of 1: 2 and at the same time declared a dividend of 40 per cent.
- After the bonus issue the share capital of the company would be increased by, say, 200 shares and the retained profits of the company reduced by the same £200.
- Wipro has celebrated these landmarks with a 2:1 bonus issue of shares in addition to the regular dividend of Rs 4 per share.
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