PC Jewellers Limited turns ex-bonus today

PC Jewellers Limited turned ex-bonus in Thursday’s trading session. The record date for the bonus issue of shares was fixed as June 7, 2017.
 
The company is engaged in the business of manufacture, retail and export of jewellery. It offers a range of products including 100% hallmarked gold jewellery, certified diamond jewellery and other jewellery, including silver articles, with a focus on diamond jewellery and jewellery for weddings.
 
Bonus shares increase the number of shares in the market which changes the Earning Per Share or EPS.Bonus shares are free shares issued by the company to their existing shareholders. Bonus shares are issued in a ratio of the shares an investor hold. 
 
All the investors holding the shares on the record date are eligible for bonus shares.Bonus shares are usually announced by the company with a record date, the date which is considered for the bonus shares
 
The ex-date is usually a business day prior to the record date since T+2 trading cycle is followed for clearing and settlement of trades in India.Ex-date is the date on which the seller, and not the buyer, of a stock, will be entitled to a recently announced dividend, bonus or other corporate action.