Shares of restaurant company Jubilant FoodWorks
and personal products firm Emami
have turned ex-bonus
in the ratio of 1:1 today.
The board of directors of Jubilant FoodWorks
at their respective board meetings, have announced issue of bonus
shares in the ratio of 1:1 i.e. 1 equity share for every 1 equity share held as on the record date.
has fixed Friday, June 22, 2018, while Jubilant FoodWorks
fixed Saturday, June 23, 2018 as the record date, for the purpose of determining the list of equity shareholders of the company, who will be entitled for issue and allotment of bonus
At 02:36 pm; Emami
was trading 1% lower at Rs 529, after hitting a low of Rs 518 on the BSE
in intra-day trade. Jubilant FoodWorks
was trading 0.4% lower at Rs 1,357, falling 2% from its early morning high of Rs 1,384 on the BSE.
On comparison, the S&P BSE
Sensex was down 0.25% at 35,548.
announcements, shares of Emami
have underperformed the market by falling 5% against 1% rise in the benchmark index. Jubilant FoodWorks
however, outperformed the Sensex by gaining 4%.