The Phoenix Mills has made a public announcement regarding a Bonus Issue in the ratio 1:1. This means that eligible shareholders as on the record date which is 21 September 2024 will be receiving 1 share(s) for every 1 share(s) held. The detailed announcement by the company can be found here.
Please find some helpful FAQs on the bonus issue of The Phoenix Mills below:
1. How to get bonus shares of The Phoenix Mills?
If you hold the shares of The Phoenix Mills as on the record date which is 21 September 2024, then you are eligible for the bonus issue.
2. What happens if you sold the shares of The Phoenix Mills on the record date?
Even if you sold the shares of The Phoenix Mills on the record date which is 21 September 2024, then also you will get the bonus shares as the settlement of the sold shares will happen on the T+1 day.
3. How to participate in the Bonus issue if you are not an existing shareholder of The Phoenix Mills?
If you are not an existing shareholder of The Phoenix Mills but want to participate in the bonus issue, make sure to purchase shares of The Phoenix Mills before the Ex-Date which is 20 September 2024.
4. Bonus shares of The Phoenix Mills are allotted but not visible on Dhan?
Bonus shares are allotted under temporary ISIN and then the issuing company (here The Phoenix Mills) applies for listing of those bonus shares on the exchanges. Once the exchange approves the listing of those bonus shares, they will be visible in your holdings on Dhan
5. When will the Bonus shares of The Phoenix Mills be visible and available for trading?
Bonus shares are generally listed on the exchanges within 12 to 15 working days from the record date. In case they are not yet assigned, you can contact the RTA of the company. The details of the RTA’s of a company can be found on NSE and BSE.
For NSE: Search for the Company > Company Directory > Transfer Agent Details
For BSE: Search for the Company > Corp Information > Scroll to “Registrars” section
6. What is the impact of Bonus issue on the stock price of The Phoenix Mills?
On the Ex-Date which is 20 September 2024, the price of the stock gets adjusted due to the bonus. Due to this adjustment, you see a dip in your unrealized profit. The dip is corrected once the bonus shares are approved for listing and are eligible for trading.
7. What is the impact of Bonus issue on the cost price of The Phoenix Mills in the portfolio?
The cost of acquisition of the Bonus shares is zero as per ITD guidelines. Hence, for the purpose of unrealized P&L the average price is used whereas for realized P&L, FIFO (first in first out) logic is used.
8. If shares of The Phoenix Mills are bought via MTF, is the shareholder eligible for bonus?
Yes, even if a shareholder has bought the shares of The Phoenix Mills via MTF, the bonus shares will be issued and the MTF holdings will get automatically updated once the shares are approved for listing
9. If shares of The Phoenix Mills are bought and pledged for Margin, is the shareholder eligible for bonus?
Yes, even if a shareholder has bought the shares of The Phoenix Mills and pledge them to get margin, the bonus shares will be issued the pledge holdings will get automatically updated once the shares are approved for listing
What do you think about this Bonus Issue? Feel free to use this thread to discuss.