Garware Technical Fibres 4:1 Bonus Shares: Stock To Trade Ex-Date This Week - Check Details

Textile Company, Garware Technical Fibres Ltd has anncouned a bonus shares in the ratio of 4:1, which will award to eligible investors.

Garware Technical Bonus Record Date 
The company has declared Friday, January 3, 2025, as the record date to determine shareholders eligible for the bonus issue.

In its exchange filing, Garware Technical Fibres stated, "The Company has fixed Friday, January 3, 2025, as the Record Date for the purpose of determining the entitlement of the equity shareholders of the Company."

Garware Technical Bonus Shares 
Garware Technical Fibres has announced the issuance of 7,94,12,676 fully paid-up bonus equity shares of Rs 10 each in a 4:1 ratio. This means shareholders will receive four additional shares for every one share they currently hold.

The company clarified in its filing, "Issue and allotment of 4 (Four) new fully paid-up bonus equity shares of ₹10 each for every 1 (One) existing fully paid-up equity share of ₹10 each held by the members of the Company."

Garware Technical Share Price Today
Today, the stock opened at Rs 4,700 and hit an intraday high of Rs 4,714.95, while dipping to a low of Rs 4,602. As of 1:50 PM, it was trading at Rs 4,640, a marginal decline of 0.12%.

Garware Technical Share Price History 

The company’s market capitalization stands at Rs 9,220.11 crore. Long-term investors have enjoyed exceptional returns, with the stock gaining 2,217.68% since inception. Over the last five years, it has surged 281.38%, with 46.08% growth in three years and 37.32% in one year.
In the short term, the stock gained 14.82% in three months, 1.21% in one month, and 4.12% in the last week.