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From dividends to stock splits and rights issues, the corporate action scene is heating up with activity next week
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4 min read | Updated on October 11, 2024, 15:31 IST
SUMMARY
This week, several companies, including Tata Consultancy Services, Anand Rathi Wealth, Tv18 Broadcast, and NRB Bearings, have scheduled significant corporate actions such as dividends, stock splits, and demergers. The article includes record dates for shareholders to receive dividends and participate in share buybacks, bonus issues, and stock splits.
Stock list
From dividends to stock splits and rights issues, the corporate action scene is heating up with activity next week
On Monday, October 14, 2024, the following corporate actions are scheduled:
October 14, 2024, is the record date for the Rights Issue of Equity Shares Edvenswa Enterprises Ltd which will open on October 25 and close on November 11 for the price of ₹60 per share. The Rights Issue is in the ratio of 20:41. This means you can purchase 20 shares for every 41 shares held.
On Tuesday, October 15, 2024, the following corporate actions are scheduled:
Abans Enterprises Ltd will undergo a stock split (ex-date), changing the face value from ₹10 to ₹2 per share, with a split ratio of 5:1. This means if you hold 1 share of the company of ₹10 face value, you will receive 5 shares of ₹2 each after the split.
Credent Global Finance Ltd will undergo a stock split (ex-date), changing the face value from ₹10 to ₹2 per share, with a split ratio of 5:1. This means if you hold 1 share of the company of ₹10 face value, you will receive 5 shares of ₹2 each after the split.
Vaishali Pharma Ltd will undergo a stock split (ex-date), changing the face value from ₹10 to ₹2 per share, with a split ratio of 5:1. This means if you hold 1 share of the company of ₹10 face value, you will receive 5 shares of ₹2 each after the split.
India Infrastructure Trust will execute its Income Distribution (InvIT) plan on the record date of October 15, 2024.
On Wednesday, October 16, 2024, the following corporate actions will take place:
NRB Bearings Ltd will give an Interim dividend of ₹2.5 on the face value of ₹2 for each share held on the record date of October 18, 2024.
Pondy Oxides & Chemicals Ltd will undergo a stock split (ex-date), changing the face value from ₹10 to ₹5 per share, with a split ratio of 2:1. This means if you hold 1 share of the company of ₹10 face value, you will receive 2 shares of ₹5 each after the split.
Tv18 Broadcast Ltd and e-Eighteen.com Limited amalgamated and have a record date of 16 October for determining E18 shareholders eligible for share allotment in Tv18 Broadcast as per the company filings on BSE.
On Thursday, October 17, 2024, the following corporate actions will take place:
Harshil Agrotech Ltd will undergo a stock split (ex-date), changing the face value from ₹10 to ₹1 per share, with a split ratio of 10:1. This means if you hold 1 share of the company of ₹10 face value, you will receive 10 shares of ₹1 each after the split.
Madhuveer Com 18 Network Ltd will give a dividend of ₹0.05 on the face value of ₹10 for each share held on the record date of October 18, 2024.
On Friday, October 18, 2024, the following corporate actions will take place:
Anand Rathi Wealth Ltd will give an Interim dividend of ₹7 on the face value of ₹5 for each share held on the record date of October 18, 2024.
Humming Bird Education Ltd will undergo a stock split (ex-date), changing the face value from ₹10 to ₹1 per share, with a split ratio of 10:1. This means if you hold 1 share of the company of ₹10 face value, you will receive 10 shares of ₹1 each after the split.
Heg Ltd. will undergo a stock split (ex-date), changing the face value from ₹10 to ₹2 per share, with a split ratio of 10:5. This means if you hold 1 share of the company of ₹10 face value, you will receive 5 shares of ₹2 each after the split.
Sacheta Metals Ltd will undergo a stock split (ex-date), changing the face value from ₹10 to ₹2 per share, with a split ratio of 10:5. This means if you hold 1 share of the company of ₹10 face value, you will receive 5 shares of ₹2 each after the split.
Tata Consultancy Services Ltd will give an Interim dividend of ₹10 on the face value of ₹1 for each share held on the record date of October 18, 2024.
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