Wires and cable-maker V Marc India has fixed July 7 as the record date for its first-ever 5:1 bonus issue, effectively making today the last day for interested investors to buy shares of this Ashish Kacholia-backed company for bonus reward.
Only those shareholders who hold V Marc India shares in their demat accounts as of Tuesday will be eligible to receive the bonus shares. Due to SEBI's T+1 settlement norm, investors must purchase the company's shares at least one trading day before the record date so they are credited to their demat accounts by that date and qualify for the corporate action. This effectively makes today the final day for investors to buy the shares to be eligible for the bonus issue.
