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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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3 min read | Updated on October 06, 2024, 08:58 IST
SUMMARY
This week, several companies, including Jupiter Wagons, Geojit Financial Services, KP Energy, and NBCC (India), 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 7, 2024, the following corporate actions are scheduled:
Jupiter Wagons Ltd will pay an interim dividend of ₹1. According to the company filings, its record date is October 7, 2024. The dividend was announced over the face value of ₹10 per share.
October 7, 2024, is the record date for the Rights Issue of Equity Shares Geojit Financial Services Ltd which will open on October 15 and close on October 23 for the price of ₹50 per share. The Rights Issue is in the ratio of 1:6. This means you can purchase 1 share for every 6 shares held.
KP Energy Ltd will pay a dividend of ₹0.1. The dividend was announced over the face value of ₹5 per share on the record date of October 7, 2024.
NBCC (India) Ltd has announced a bonus issue with a bonus ratio of 1:2, indicating that shareholders will receive one additional share for every 2 shares they hold.
On Tuesday, October 8, 2024, the following corporate actions are scheduled:
Power Mech Projects Ltd has announced a bonus issue with a bonus ratio of 1:1, indicating that shareholders will receive one additional share for each 1 share they hold.
On Wednesday, October 9, 2024, the following corporate actions will take place:
Shraddha Prime Projects Ltd will give an interim dividend of ₹0.2 per share on the face value of ₹10 for each share on the record date of October 9, 2024.
Jindal Saw Ltd will undergo a stock split (ex-date), changing the face value from ₹2 to ₹1 per share, with a split ratio of 2:1. This means if you hold 1 share of the company of ₹2 face value, you will receive 2 shares of ₹1 each after the split.
On Thursday, October 10, 2024, the following corporate actions will take place:
IDFC Ltd and IDFC First Bank amalgamation is completed and effective from October 1, 2024, and has a record date of October 10, 2024, for determining IDFC shareholders eligible for share allotment in IDFC FIRST Bank as per the company filings on BSE.
New Light Apparels 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.
On Friday, October 11, 2024, the following corporate actions will take place:
Blue Cloud Softech Solutions Ltd will give a final dividend of ₹0.02 on the face value of ₹2 for each share held on the record date of October 11, 2024.
Rajnish Retail Ltd will undergo a stock split (ex-date), changing the face value from ₹5 to ₹1 per share, with a split ratio of 5:1. This means if you hold 1 share of the company of ₹5 face value, you will receive 5 shares of ₹1 each after the split.
Hercules Hoists Ltd will get demerged with Indef Manufacturing Ltd on the record date of October 11, 2024. The shares in the ratio of 1:1 will be issued to shareholders of Hercules Hoists Ltd and shares held by Hercules Hoists Ltd in Indef Manufacturing Ltd will be cancelled thereby replicating the mirror shareholding pattern of Hercules Hoists Ltd in Indef Manufacturing Ltd.
Virat Industries Ltd will have an Extra-Ordinary General Meeting (EGM) on the record date of October 11, 2024.
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Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.
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