Smallcap menswear garment maker Bizotic Commercial has fixed August 17 (Monday) as the record date for its 5:1 bonus issue, making today the last day for investors to buy the stock and become eligible for the bonus shares.
Only those shareholders who hold Bizotic Commercial shares in their demat accounts as of Monday will be eligible to receive the bonus shares. As per Sebi's T+1 settlement cycle, investors must buy the company's shares at least one trading day before the record date for them to be credited to their demat accounts and qualify for the bonus issue. This makes today the last day to buy the stock to be eligible for the bonus shares.
