Hi- What’s the basis for this conclusion? I understand that bonus trick caused a lot of narrative around this topic. However, the same primarily caused a heavy tax burden on 9 entities/individuals.
In recent times (bonus issue transition period – Sep to Dec), few of these 9 entities/individuals (Pre-IPO investors) were on a selling spree whereas minority shareholders in the category of Institutions (Domestic and Foreign) and retail (Resident Individuals holding nominal share capital up to Rs. 2 lakhs) were buying and increased their holding. Hence, I infer that bonus triggered sale was a moment of joy for most of the minority shareholders.
Data for reference:
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