Shares of Karur Vysya Bank Ltd. recovered from the day’s low to edge higher on Thursday, July 24, after announcing its quarterly results. Along with its results, the lender’s board has also announced a bonus issue of shares.The lender’s board has approved a bonus issue in the 1:5 ratio, which means that shareholders will be eligible to receive one bonus share for every five shares that they hold as on the record date.
Record date for the bonus issue is yet to be determined.
This is the first instance in the last seven years that Karur Vysya Bank will be issuing bonus share to its shareholders. This will also be the fourth instance of the lender doing so.Previously, Karur Vysya Bank had rewarded shareholders in 2002, when it issued one bonus share for every one share held (1:1), 2010, where it issued two bonus shares for every five shares held (2:5), and in 2018, when it issued one bonus share for every ten shares held (1:10).
Record date for the bonus issue is yet to be determined.
This is the first instance in the last seven years that Karur Vysya Bank will be issuing bonus share to its shareholders. This will also be the fourth instance of the lender doing so.Previously, Karur Vysya Bank had rewarded shareholders in 2002, when it issued one bonus share for every one share held (1:1), 2010, where it issued two bonus shares for every five shares held (2:5), and in 2018, when it issued one bonus share for every ten shares held (1:10).
Shares of Karur Vysya Bank have recovered from the lows of the day to trade 0.3% higher at ₹272. The stock trades close to its 52-week high of ₹277.5.
First Published: Jul 24, 2025 11:09 AM IS
