10:1 Bonus Share: Tobacco Stock Issues Bonus Share Allotment Update After Rs 150 Dividend

Mid-tier company engaged in tobacco sector, VST Industries Ltd shares today declined 3.08%. Current market price of VST Industries on BSE is Rs 422.15 per share. VST Industries shares zoomed 37% so far this year. It has a market capitalisation of Rs 7170.69 crore. VST Industries had recommended 10:1 bonus shares and fixed September 6, 2024 as the revised record date for bonus issue. Today, the company issued an update pertaining to allotment of bonus shares. Check details below:

VST Industries Announces Update On Allotment Of Bonus Share: As per the regulatory filing of VST Industries dated September 11, 2024, "Further to our letters dated 25th July, 2024 and 14th August, 2024, and in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Bonus Issue Committee of the Board at its meeting held on Wednesday, September 11, 2024, has allotted 15,44,19,200 Equity Shares of Rs.10/- each as fully paid-up Bonus Equity shares."

The Bonus Equity Shares are allotted in the proportion of 10:1 i.e. 10 (Ten) new fully paid-up equity shares of Rs 10/- (Rupees Ten) each for every 1 (One) existing fully paid-up equity share of Rs 10/- (Rupees Ten) each held, to the eligible Members whose names appeared in the Register of Members and list of beneficial owners as on September 6, 2024, being the record date fixed for this purpose, added the exchange filing.

VST Industries Dividend In 2024: Earlier this year, it recommended a final dividend of Rs 150/- per equity share of Rs 10/- each and fixed June 14, 2024 as the record date.

VST Industries Share Performance: VST Industries shares slipped over 2% in last 2-weeks, gained 12% in last 1-month, zoomed 22% in last 6-months, offered rally of 32% in last 1-year and gained 45% 2-years. The 52-week high price of VST Industries share on BSE is Rs 486.70 per share (as on 06/09/2024) and 52-week low price is Rs 287.55 per share (as on 26/10/2023), respectively.

Radhakishan Damani Increases Stake In VST Industries: Ace investor Radhakishan Damani had bought Rs 86.26 crore worth of shares of VST Industries. As per reports, the DMart founder bought an additional 1.51% stake in VST Industries for Rs 86.26 crore via open market deals. Radhakishan Damani bought 2.33 lakh shares of VST Industries at Rs 3,689.96 per share. Damani picked 1.44% stake in January also and he has now 35.84% stake in VST, higher than promoters' stake of 32.16%.

VST Industries Dividend History: VST Industries announced 24 dividends since May 28, 2001. In last 1-year, VST Industries announced an equity dividend amounting to Rs 150.00 per share. At the current share price of Rs 422.15 per share, VST Industries offers dividend yield of 3.23%.

About: The Vazir Sultan Tobacco Company Limited was incorporated on 10th November, 1930, under the Hyderabad Companies Act No. IV of 1320 Fasli and now governed under the Companies Act, 1956/2013. The name of the Company was subsequently changed to VST Industries Limited on 30th April, 1983. The Company has a manufacturing facility at Hyderabad and Toopran (Telangana) and its principal activities are manufacture & sale of cigarettes and unmanufactured tobacco, according to its official website.

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