India's Sebi proposes a uniform T+2 trading timeline for bonus shares credit and trading.
India's market regulator, Sebi, proposes a uniform timeline for bonus shares' credit and trading, aiming for T+2 trading after the record date. This aims to streamline the process, reducing non-uniform timelines for crediting and trading bonus shares, minimizing investor risk due to delays, and facilitating fast credit and trading of shares allotted post bonus issue. Sebi seeks comments on the proposal by August 26.
August 05, 2024
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