VBL Share Price, VBL Stock Split: Here is the good news coming for the Varun Beverages Limited investors, as its stock gained as much as 6% on Thursday. which is on first day after the stock began to trade post its stock split.
If we talk about stock split, Varun Beverages had announced that it will split its equity shares carrying a face value of ₹5 into equity shares with a face value of ₹2.
Varun Beverages Limited Stock Split
VBL had fixed September 12 as the record date for the stock split. Last year, the company had decided to split one equity share of face value of ₹10 into shares of face value of ₹5 apiece.
A stock split is generally considered by a company to increase its outstanding shares, and also improve trading liquidity by making the stock more affordable to its shareholders.
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Varun Beverages Limited Bonus Share
Varun Beverages Limited keeps giving gifts from time to time to keep its investors happy. According to information received from media reports, after listing in 2017, the company announced a bonus issue of shares in the 1:2 ratio, meaning shareholders received one free share for every two shares that they held.
Varun Beverages Limited Share History
Apart from this, VBL announced a similar 1:2 bonus issue in two other instances in 2021 and 2022 as well. Shares of Varun Beverages are trading 4.3% higher at ₹654.95. The stock is up 32% so far in 2024. Shares have delivered positive annual returns every single year since listing.