Shares of Jyothy Laboratories and Prabhat Telecoms (India) will turn ex-bonus on Thursday. Jyothy Lab had recommended bonus shares to its shareholders in the ratio of 1:1.
In 2012, too, Jyothy Lab had rewarded its shareholders with a 1:1 bonus issue. Prabhat Telecom shareholders will receive one bonus share for every five held in the company. Investors who wish to receive the bonus shares need to own these companies’ shares by Wednesday.