EV Stock Minda Industries Gains 3% Post Bonus Issue

This Indian EV company is one of the biggest wealth creators of the past decade that turned Rs 1 lakh into Rs 1 crore.

Auto ancillary stock Minda Industries gained 3% today post declaring bonus shares.

Yesterday, the company declared bonus shares in the ratio of 1:1.

While declaring a stellar set of results in May 2022, the company's board had approved the issue of bonus shares.

The record date for the same was 10 June 2022. This means the shareholders who held shares as on the record date would be entitled to receive the bonus shares.