VRL Logistics shares to trade ex-bonus from today — All you need to know

Shares of logistics services provider VRL Logistics Ltd. will be trading adjusted for the bonus issue of shares they announced earlier from Thursday, August 14.VRL Logistics had earlier announced a 1:1 bonus issue and had fixed August 14 as the record date for the same. This means, eligible shareholders will receive one free share for every one share they hold.

In case you had shares of VRL Logistics in your demat account at the end of Wednesday’s trading session, you would be eligible for the bonus issue of shares. Those buying the stock today will not be eligible to avail the free shares.

A 1:1 bonus would mean that shares in your demat account would adjust in equal proportion.For example, if you owned 50 shares of VRL Logistics at the close of trade on Wednesday, you would be eligible to avail another 50 shares, taking the total count to 100 shares. The stock price too, would adjust in proportion to the bonus shares.

This is the first instance of VRL Logistics issuing bonus shares to its shareholders. It had earlier carried out a share buyback back in 2023 and has regularly paid dividends to its shareholders. The stock recently began trading adjusted for the final dividend of ₹10 per share.

Shares of VRL Logistics ended 0.7% lower on Wednesday, at ₹558. The stock has declined 10% in the last one month.