Bonus issue by Glenmark

[Lal]

Dear Traderji,

As you must be aware, Glenmark has issued bonus shares in the ratio of 1:1. I am a holder of Glenmark shares and am in receipt of a letter from Glenmark which mentions the procedure in which one may avail of the bonus shares. There are 2 options, namely:

1. If one is holding physical shares and wants the bonus issue in demat form; and
2. If one is holding demat shares and wants the bonus issue in physical form.

All my shares are in demat form and I would also like to have the bonus issue in demat.

Please advise on what the procedure is to avail the bonus issue as I have absolutely no idea what the correct and current procedure is like.

Regards,
Lal.

 

[andy]

If you are already holding the shares in demat form you have to do nothing. The bonus shares will be credited to your account on the due date.

 

[Lal]

Thanks Andy. Help appreciated.

-Lal.