Abstract
Making decisions for listed businesses' bonuses and splits with the goal of rewarding shareholders and bringing down share prices. This article compares the performance of the index with the optimum sample size (four companies) from Indian listed companies using event study techniques twenty days before and after the event (Nifty). Companies are chosen at chance. Bonus shares are extra shares that are given to current shareholders depending on how many shares they currently own at no additional expense. We discover that 75% of samples gave investors satisfying and predictable outcomes. However, as the number of shares grows, the price per share decreases. However, the total capital remains the same even if bonus shares are declared.
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