WHAT TO WATCH. Menon Bearings to turn ex-bonus

Menon Bearings will turn exbonus on Tuesday. The company is rewarding its shareholders with bonus shares in the ratio of 1:5 (one share for every five shares held), for which it has fixed Wednesday as record date. That means, Monday is the last day to buy the company’s shares for those who wish to receive the bonus shares. Currently, close to 7,600 individual shareholders hold 23.4 per cent stake in Menon Bearings while promoters control 74.6 per cent.