NBCC (India) shares were on the rise on Monday after the company announced bonus shares and the record date for the issue.

What Happened: On Saturday, August 31, NBCC's board approved the issue of bonus shares in a ratio of 1:2, meaning the investor will get one share for every two shares they hold in the company. 

The board also declared October 7, Monday as the record date for the shareholders who will be eligible for the bonus issue. The bonus shares will be issued to the investors within two months of date of the approval of the board, that is after October 31.

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NBCC is issuing a bonus share for the first time since 2017 when it declared bonus shares in the ratio of 1:2.

Earlier in August, the company announced September 6 as the record date for the final dividend payment. The company announced a final dividend of  ₹0.63 per share. The dividend is subject to approval of the shareholders in the  64th Annual General Meeting schedule on September 25.

Price Action: Shares of NBCC (India) rose 1.33% to ₹188.84 on Monday morning.

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