Shares of New India Assurance Company will turn ex-bonus on Wednesday. The PSU insurance major is rewarding its shareholders with one bonus share for each share held in the company and a dividend of ₹5 a share (FV: ₹5).
The stock was listed on the bourses in November 2017. The stock is currently hovering around ₹625 against the issue price of ₹800. Investors wishing to receive the bonus and dividend payments, need to own the stock by Tuesday.