The First Bonus Shares Issue: East India Company, 1682 CE − Origin and Rationale for this practice
On December 31, 1600, East India Company was formed by the grant of a charter by the English Parliament. Though not the first joint stock company to be formed, it was perhaps the most influential company in the global corporate history, surviving for over 270 years before being liquidated on June 1, 1874. During this [...]