We’d like to inform you about a significant corporate action concerning Motilal Oswal Financial Services. A 3:1 bonus has been announced, with the record date set for June 10th.
What to Expect:
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Today’s Gain/Loss on June 10th: On June 10th, you will notice a significant fluctuation in the day’s gain/loss. This is due to the NSE not adjusting the previous close price as per the corporate action. This will be corrected starting June 11th.
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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 10-15 days but sometimes can take longer.