Brigade Enterprises in May announced its first bonus issue in around seven years, along with the release of its Q4 results. It said its board approved the plan to issue one bonus share with a face value of Rs 10 each for every three shares held in the company as on the record date.

Brigade Enterprises in May announced its first bonus issue in around seven years, along with the release of its Q4 results. It said its board approved the plan to issue one bonus…

Brigade Enterprises shares appeared to plunge 22% on Wednesday after adjusting for its 1:3 bonus issue, but the decline was purely technical and did not erode shareholder value.…