We’d like to inform you about a significant corporate action concerning Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL). 1:2 and 1:1 bonus have been announced for HPCL and BPCL respectively, with the ex-date set for June 21st.
What to Expect:
- Today’s Gain/Loss on June 21st: On June 21st, you will notice a significant fluctuation in the day’s gain/loss for these two scrips. This is due to the NSE not adjusting the previous close price as per the corporate action. This will be corrected starting June 22nd June.
- Bonus Shares in Portfolio: These bonus shares will be blocked and shown as ‘Bonus to be credited’ (under the blocked quantity) in your portfolio until they are officially credited. The credit usually takes 15-20 days but sometimes can take longer.