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November 07, 2024
Corporate Actions - October 2024
[Oct-24] Stay ahead of the curve with our monthly Corporate Actions roundup!
Corporate actions have an impact on your portfolio and thus, staying informed is a key. To help you stay up-to-date, we’ve compiled a list of all the corporate actions happening this month. Whether you are tracking a subdivision that could adjust your shareholdings, a buyback that will boost your stock, or your share of profits in the form of dividends, we’ve got you covered.
Various types of corporate actions we have covered here are sub-divisions, dividends, bonus issues, buybacks, takeovers, delistings, and name changes. So, dive in, explore the details, and stay ahead in your investment journey.
Bonus Issue
A bonus Issue is a corporate action in which a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.
|
Company Name |
Symbol/Scrip Code |
Record Date |
Ex-Bonus basis from Date |
Bonus Issue |
Circular |
|
NBCC (India) Limited |
NBCC |
07-Oct-24 |
07-Oct-24 |
1:2 |
|
|
Shikhar Leasing and Trading Ltd. |
507952 |
04-Oct-24 |
04-Oct-24 |
3:1 |
|
|
Classic Electricals Ltd. |
512213 |
04-Oct-24 |
04-Oct-24 |
5:1 |
|
|
Grovy India Ltd |
539522 |
23-Oct-24 |
23-Oct-24 |
3:1 |
|
|
Reliance Industries Ltd |
500325 |
28-Oct-24 |
28-Oct-24 |
1:1 |
|
|
Power Mech Projects Limited |
539302 |
08-Oct-24 |
08-Oct-24 |
1:1 |
Subdivision/Stock Split
Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.
|
Company Name |
Symbol/Scrip Code |
Sub-division Ratio |
Record Date |
Ex-split Date |
Circular |
|
Real Eco-energy Ltd. |
530053 |
1:5 |
04-Oct-24 |
04-Oct-24 |
|
|
Integrated Industries Ltd. |
531889 |
1:10 |
01-Oct-24 |
01-Oct-24 |
|
|
Godawari Power & Ispat Ltd. |
GPIL |
1:5 |
04-Oct-24 |
04-Oct-24 |
|
|
POCL Enterprises Ltd |
539195 |
1:5 |
25-Oct-24 |
25-Oct-24 |
|
|
Humming Bird Education Ltd |
542592 |
1:10 |
18-Oct-24 |
18-Oct-24 |
|
|
Sacheta Metals Ltd. |
531869 |
1:5 |
19-Oct-24 |
18-Oct-24 |
|
|
Dr. Reddy’s Laboratories Ltd |
DRREDDY |
5:1 |
28-Oct-24 |
28-Oct-24 |
|
|
Master Trust Ltd. |
511768 |
5:1 |
30-Oct-24 |
30-Oct-24 |
|
|
Sukhjit Starch & Chemicals Ltd. |
SUKHJITS |
2:1 |
25-Oct-24 |
25-Oct-24 |
Name Change
|
Existing Symbol |
New Symbol |
Record Date |
Existing Name of the Company |
New Name of the Company |
Circular |
|
LAXMIMACH |
LAXMIMACH |
10-Oct-24 |
Lakshmi Machine Works Limited |
LMW Limited |
|
|
543225 |
543225 |
18-Oct-24 |
Data Infrastructure Trust |
Altius Telecom Infrastructure Trust |
Demerger
It is a form of corporate restructuring wherein an entity is segregated into small entities to function individually.
|
Name of Company |
Symbol |
Scrip Code |
Record Date |
Consideration |
Circular |
|
Hercules Hoists Ltd. |
HERCULES |
505720 |
11-Oct-24 |
1 Equity Share of Re.1/- of INDEF Manufacturing Limited for every 1 Equity Share of Re.1/- of Hercules Hoists Limited |
|
|
Softsol India Limited |
- |
532344 |
11-Oct-24 |
1 Equity Share of ₹10/- of Covance Softsol Limited for every 1 Equity Share of ₹10/- of Softsol India Limited |
Amalgamation
A form of corporate restructuring wherein two or more companies merge or unite and work together as one entity.
|
Name of Company |
Symbol/Scrip Code |
Record Date |
Consideration |
Circular |
|
IDFC Limited |
IDFC |
10-Oct-24 |
155 Equity Shares of ₹10/- of IDFC First Bank Limited for every 100 Equity Shares of ₹10/- of IDFC Limited |
|
|
TV18 Broadcast Ltd |
TV18BRDCST |
16-Oct-24 |
100 Equity Shares of ₹5/- of Network 18 Media Investments Limited for every 172 Equity Shares of ₹2/- of TV18 Broadcast Ltd. |
Suspension of Trading in Shares
|
Name of the Company |
Symbol |
Effective Date |
Reason for Suspension |
Circular |
|
Jubilant Industries Limited |
JUBLINDS |
16-Oct-24 |
Scheme of Amalgamation |
|
|
TV18 Broadcast Limited |
TV18BRDCST |
16-Oct-24 |
Scheme of Amalgamation |
|
|
Sumeet Industries Ltd |
SUMEETINDS |
18-Oct-24 |
Reduction of Equity Share Capital |
|
|
IDFC Limited |
IDFC |
10-Oct-24 |
Scheme of Amalgamation |
|
|
Gold Line International Finvest Ltd |
538180 |
01-Oct-24 |
Non-compliance of SEBI Regulations |
Delisting of Companies
|
Name of the Company |
Symbol |
Effective Date |
Reason |
Circular |
|
Celestial Biolabs Limited |
CELESTIAL |
17-Oct-24 |
Compulsory Delisting |
|
|
JIK Industries Limited |
JIKIND |
17-Oct-24 |
Compulsory Delisting |
|
|
Arambhan Hospitality Services Ltd |
539403 |
16-Oct-24 |
Compulsory Delisting |
|
|
Coventry Coil-O-Matic Haryana Ltd |
523415 |
16-Oct-24 |
Compulsory Delisting |
|
|
India Infraspace Ltd. |
531343 |
16-Oct-24 |
Compulsory Delisting |
|
|
Pawansut Holdings Ltd |
535658 |
16-Oct-24 |
Compulsory Delisting |
|
|
TCNS Clothing Co. Limited |
541700 |
15-Oct-24 |
Scheme of Amalgamation |
|
|
Tata Motors Ltd. (DVR Scrip) |
570001 |
15-Oct-24 |
Scheme of Amalgamation |
|
|
ISMT Limited |
532479 |
15-Oct-24 |
Scheme of Amalgamation |
|
|
Ujjivan Financial Services Limited |
539874 |
15-Oct-24 |
Scheme of Amalgamation |
Takeover
A Takeover is a type of corporate action in which one company (the acquirer) acquires or takes control of another (the target). Such a takeover occurs through the merger and acquisition process and can affect the company's structure in various ways.
|
Name of Company |
Symbol |
Offer Price Per Share |
Circular |
|---|---|---|---|
|
Navkar Corporation Limited |
NAVKARMOCK |
₹105.32 |
|
|
Shalimar Agencies Ltd |
SAGL |
₹15 |
|
|
NB Footwear Ltd |
NBFOOT |
₹7 |
