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 |
|
Sportking India Ltd |
SPORTKING |
1:10 |
13-Sep-24 |
13-Sep-24 |
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 |
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 |
|
Technocraft Industries (India) Limited |
TIIL |
₹4500 |
|
Aarti Drugs Limited |
AARTIDRUGS |
- |
|
Ladderup Finance Ltd. |
530577 |
- |
|
Transport Corporation of India Ltd |
TCI |
- |
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 |
|
ORTINLAB |
ORTINLAB |
Ortin Laboratories Ltd |
Ortin Global Limited |
03-Sep-24 |