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Upcoming corporate actions: Wipro to give bonus shares next week and more

Upstox

4 min read | Updated on November 29, 2024, 14:05 IST

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SUMMARY

This week, several major companies, including Wipro, Strides Pharma Science, and Diamond Power Infrastructure, have scheduled significant corporate actions such as dividends, stock splits, and buybacks. 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 this week

From dividends to stock splits and rights issues, the corporate action scene is heating up with activity this week

On Monday, December 2, 2024, the following corporate actions are scheduled:

Rajoo Engineers Ltd has announced a bonus issue with a ratio of 1:3, indicating that shareholders will receive one additional share for every three shares they hold.

On Tuesday, December 3, 2024, the following corporate actions are scheduled:

Diamond Power Infrastructure Limited 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.
December 3, 2024, is the record date for the Rights Issue of Equity Shares Gujarat Natural Resources Limited, which will open on December 12 and close on December 24 for the price of ₹10 per share. The Rights Issue is in the ratio of 3:5. This means you can purchase 3 shares for every 5 shares held.
Wipro Ltd has announced a bonus issue with a bonus ratio of 1:1, indicating that shareholders will receive one additional share for every share they hold.
Indo Us Bio-Tech Ltd will give an interim dividend of ₹0.25 per share on the face value of ₹10 for each share on the record date of December 3, 2024.
Moongipa Capital Finance Ltd has announced a Rights Issue of Equity Shares with a record date of December 3, 2024. The Rights Issue will open on December 12 and close on December 27, offering shares at ₹25 each. The Rights Issue is in the ratio of 2:1. This means you can purchase 2 shares for each one share held.

On Wednesday, December 4, 2024, the following corporate actions will take place:

Can Fin Homes Ltd will pay an interim dividend of ₹6 per share on a face value of ₹2, turning ex-dividend on December 4, 2024.

On Thursday, December 5, 2024, the following corporate actions will take place:

Tara Chand InfraLogistic Solutions 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.

On Friday, December 6, 2024, the following corporate actions will take place:

Consecutive Investment & Trading Company Ltd has announced a bonus issue with a bonus ratio of 1:1, indicating that shareholders will receive one additional share for each one share they hold. Also, the company 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.
Eraaya Lifespaces 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.
Phoenix Township Ltd will give an interim dividend of ₹2.25 per share on the face value of ₹10 for each share held on a record date of December 6, 2024.
Strides Pharma Science Ltd has announced a spin-off involving its CDMO and soft gelatin businesses. These segments will be demerged into Stelis Biopharma. Additionally, the CDMO business of Steriscience will also be merged into Stelis as part of this restructuring. The record date for this corporate action is set for December 6, 2024.

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