IRB Infrastructure Developers Shares Experience 51% Decline Due to Bonus Issue Adjustment

On Monday, IRB Infrastructure Developers shares declined by 51% to a low of Rs 20.10 from the previous close of Rs 40.93. This decline is attributed to the adjustment for the company's upcoming 1:1 bonus issue, rather than an actual decline in value.

Key Dates and Events

• April 1: Record date for determining eligible shareholders.
• March 30: Ex-date for the bonus issue, where investors must purchase shares before this date to be eligible for the bonus issue.
• February 2023: IRB Infrastructure Developers undertook a stock split, subdividing one equity share of Rs 10 into 10 shares of Re 1 each.

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Market Capitalization and Trading Activity

• Rs 26,813.16 crore: Market capitalization of IRB Infrastructure Developers.
• Rs 20.56: Opening price on the NSE.
• Rs 22.70: Highest price during the session, representing a rise of 11.45%.

Bonus Issue Details

• 1:1 bonus issue: Shareholders will receive one equity share of face value Re 1 for every existing equity share of Re 1 held.
• Eligible shareholders: Those holding shares in their demat accounts as of March 27 will receive the bonus shares.

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