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Bonuses jump in FY17 as firms dole out surplus

Companies include 5 PSUs: Rural Electrification, Power Fin, HPCL, BPCL, IOC

Deepak Korgaonkar & Puneet Wadhwa  |  Mumbai / New Delhi 

The number of companies that have announced a bonus issue in the first five months of 2016-17 (FY17) has surpassed last year’s figure, with 41 companies declaring a bonus, compared with 30 companies in the corresponding period a year ago.

Total 59 companies announced bonus shares in FY16. Also Read: Bajaj Finance gains on fixing record date for bonus, stock split These 41 companies, according to Capitaline Plus data, include five central public sector enterprises (CPSEs) — Hindustan Petroleum Corporation Limited (HPCL), Bharat Petroleum Corporation Limited (BPCL), ...

First Published: Thu, September 01 2016. 22:50 IST