ITC to turn ex-date for 1:2 bonus

Shares of ITC will turn ex-date on Friday for the proposed bonus issue. It is offering bonus shares in the ratio of 1:2 - one share for every two shares held in the company. To avail the benefit, investors have to buy the shares by Thursday. Earlier, the company had rewarded its shareholders with 1:2 bonus shares in 2015 and 1:1 in 2010. National Insurance, Oriental Insurance, General Insurance, New India Assurance and LIC have sizeable stakes in ITC.