Corporate Actions - September 2024

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. 

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

Sub-division Ratio

Record Date

Ex-split Date

Circular

Andhra Paper Ltd

ANDHRAPAP

1:5

11-Sep-24

11-Sep-24

BSE Circular

Sportking India Ltd

SPORTKING

1:10

13-Sep-24

13-Sep-24

BSE Circular

Dividend

A dividend is an amount the company pays to its shareholders out of its profits. This regular profit-sharing payment in the form of dividends is a corporate action initiated by the company regularly. 

Company Name

Symbol

Dividend Amount

Impact on F&O Price

Record Date

Effective Date

Circular

Gujarat Narmada Valley Fertilizers and Chemicals Limited

GNFC

₹16.50 

06-Sep-24

06-Sep-24

NSE Circular

Buyback

Buyback of shares is the process wherein a corporation rebuys its own shares from its shareholders. This way, the company that had earlier issued shares pays some of its shareholders and absorbs that part of ownership that several investors had before.

Name of Company

Symbol/Scrip Code

Offer Price Per Share

Circular

KDDL Limited

KDDL

₹3700

NSE Circular

Technocraft Industries (India) Limited

TIIL

₹4500

NSE Circular

Aarti Drugs Limited

AARTIDRUGS

-

BSE Circular

Ladderup Finance Ltd.

530577

-

BSE Circular

Transport Corporation of India Ltd

TCI

-

BSE Circular



Name Change

Existing Symbol 

New Symbol 

Existing Name of the Company

New Name of the Company

Record Date

Circular

506122

506122

Pankaj Piyush Trade & Investment Ltd

Kairosoft AI Solutions Limited

04-Sep-24

BSE Circular

ORTINLAB

ORTINLAB

Ortin Laboratories Ltd

Ortin Global Limited

03-Sep-24

BSE Circular

Share button