This is my first post. I am reading Basic investment threads to learn the companies fundamental analysis from couple of day on Valuepickr. Thanks for providing such wonderful platform.
I have one question regarding Motherson Sumi which I bought in 2015. I had bought 25 quantities. Recently company has declared bonus 2 shares for every 1 equity share held. What I understood from this is that after bonus credited to my portfolio, total qty of Motherson Sumi shold be 25 (existing share) + 25*2 (50 bonus shares) = 75. But I can see total qty 37 shares. It is exactly opposite, means for existing 2 shares I got 1 share.
Is my understanding wrong by declared bonus 2 shares for every 1 equity share held?