Delisting of Companies
Trading Members of the Exchange are hereby informed that the under mentioned Companies which have been suspended due to Record Date fixed for the Corporate Action of Amalgamation shall be delisted w.e.f 02-Mar-2024
Scrip Code | Suspension/Record Date | Purpose | Name of Company to be Delisted | Merged with/ Transferee Company |
518029 | 21/04/2023 | Amalgamation | Gujarat Sidhee Cement Limited., | SAURASHTRA CEMENT LIMITED |
513723 | 22/11/2023 | Amalgamation | HG INDUSTRIES LIMITED | GREENLAM INDUSTRIES LIMITED |
539940 | 11/08/2023 | Amalgamation | Max Ventures and Industries Limited | MAX ESTATES LIMITED |
509077 | 22/09/2023 | Amalgamation | Pressman Advertising Limited | SIGNPOST INDIA LIMITED |
530815 | 11/10/2023 | Amalgamation | Refnol Resins & Chemicals Ltd. | INDOKEM LIMITED |
532301 | 15/01/2024 | Amalgamation | Tata Coffee Ltd | Tata Consumer Products Ltd |
513434 | 06/02/2024 | Amalgamation | Tata Metaliks Ltd | Tata Steel Ltd |
513010 | 17/11/2023 | Amalgamation | TATA STEEL LONG PRODUCTS LIMITED | TATA STEEL LTD |
504966 | 19/01/2024 | Amalgamation | Tinplate Company of India Ltd., | Tata Steel Ltd |
Refer: BSE Circular
Sub-division of equity shares of Capri Global Capital Ltd.
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.
As per a recent BSE circular, 1 equity share of Capri Global Capital Ltd. (Scrip Code: 531595) will be sub-divided into 2 equity shares. Also, 1 bonus equity share will be issued for every 1 share held. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Capri Global Capital Ltd. | CGCL | 1:2 | 05-Mar | 05-Mar |
Refer: BSE Circular
Buyback Offer of Zydus Lifesciences Ltd.
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.
As per a circular from NSE, Zydus Lifesciences Ltd. (Scrip: 532321) has announced a buyback offer of its equity shares from 29-Feb to 06-Mar. The offer price is Rs. 1005 per equity share, and the lot size is 1 equity share.
All trading members of the Capital Market Segment are eligible to participate in the Tender Offer facility.
Name of Company | Symbol | Offer price per share | Scheme |
---|---|---|---|
Zydus Lifesciences Ltd. | ZYDUSLIFE | Rs. 1005 | Buyback |
Read more: NSE Circular 1 | NSE Circular 2
Quantity Freeze Limits for Indices- March 2024
As per a recent NSE Circular, the Quantity Freeze Limit for different indices has been revised w.e.f 01- Mar-24.
Below are the Quantity Freeze Limits & Maximum Lots per Order applicable for the mentioned indices:
No. | Indices | Quantity Freeze Limit(Maximum units you can buy or sell per order) | Maximum lots per Order(Quantity Freeze Limit/Lot Size*) |
1. | BANKNIFTY | 900 | 36 |
2. | NIFTY | 1800 | 36 |
3. | FINNIFTY | 1800 | 45 |
4. | MIDCPNIFTY | 4200 | 56 |
*Lot Size refers to Units per Lot. This is defined by the Exchange and is currently as follows:
BANKNIFTY=25; NIFTY=50; FINNIFTY=40; MIDCPNIFTY=75
Refer: NSE Circular
Sub-division of equity shares of Tiger Logistics (India) Ltd.
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.
As per a recent BSE circular, 1 equity share of Tiger Logistics (India) Ltd. (Scrip Code: 536264) will be sub-divided into 10 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Tiger Logistics (India) Ltd. | TIGERLOGS | 1:10 | 04-Mar | 04-Mar |
Refer: BSE Circular
Rights Issue - February 2024
The company offers its shareholders the right to purchase its shares at a discount on a predetermined date known as the record date in a rights entitlement.
Shareholders are granted Rights Entitlements (RE) by temporarily crediting their Demat accounts with RE, giving them the right to participate in a Rights Issue. Please note that these are Rights Entitlement and not Rights shares. To get the shares, you should apply at their respective Registrar & Transfer Agent (RTA) and convert RE into shares. You should keep in mind that RE is temporary, and until you apply and pay the requisite amount, rights shares won’t be credited to your Demat account.
Here’s the listing for February 2024:
Company | Ex-date | Record Date | RI Price (Rs. per share) | RE Trading Period | Last date to apply for Rights Shares | Where to apply for rights shares | Circular |
Mitsu Chem Plast Limited | 17-Feb | 17-Feb | Rs. 144 (Rs. 72 on App - PP Shares) | 26- Feb to 29-Feb | 04- Mar | ASBA | BSE |
Dipna Pharmachem Limited | 12-Feb | 12-Feb | Rs. 10 | 26- Feb to 04-Mar | 07- Mar | ASBA | BSE |
Scanpoint Geomatics Limited | 19- Feb | 19- Feb | Rs. 5 | 28- Feb to 01-Mar | 07- Mar | ASBA | BSE |
Affordable Robotic & Automation Limited | 12- Feb | 12- Feb | Rs. 450 | 26- Feb to 01-Mar | 07- Mar | ASBA | BSE |
Mangalam Industrial Finance Limited | 29- Jan | 29- Jan | Rs. 3.95 | 12- Feb to 20-Mar | 12- Mar | ASBA | BSE |
Silgo Retail Limited | 22- Feb | 22- Feb | Rs. 25 | 29- Feb to 11-Mar | 15-Mar | ASBA | NSE |
Globe Textiles (India) Limited | 23- Feb | 23- Feb | Rs. 3 | 06-Mar to NA | 15-Mar | ASBA | NSE |
South Indian Bank Limited | 27- Feb | 27- Feb | Rs. 22 | 06-Mar to NA | 20-Mar | ASBA | BSE |
Mercury Trade Links Limited | 01-Mar | 01-Mar | Rs. 40 | 11-Mar to NA | 21-Mar | ASBA | BSE |
Please note: The value of RE will be zero after the Rights Issue closure date.
RE Trading Period: The Exchange will publish a circular 2 days prior to the issue open date.
How to apply for Rights Issue: The Rights Issue offer is updated with ASBA (Application Supported Blocked Amount).
Here's a list of existing SCSBs.
For more details on Rights Issue/Rights Entitlement, please refer to BSE FAQs.
Switch from Paytm Payments Bank account to continue trading
This is to inform you that RBI has placed certain restrictions on Paytm Payments Bank Ltd. (PPBL), due to which, post 15-Mar-2024, Paytm Payments Bank account holders will not be able to add or withdraw funds from their account.
Users that have Paytm Payments Bank account as their Primary account should therefore switch to another bank for uninterrupted trading at Angel One.
How to switch to an alternate bank account?
Here's a quick way to do this - Log into the Angel One App -> Go to accounts page -> Click on Profile Icon & then add a bank account
For a detailed step by step process, Click Here
What happens if you don’t switch?
- You won't be able to add funds to your trading account from your Paytm Payments Bank.
- Withdrawals to Paytm Payments Bank will not be possible due to restrictions.
- The SEBI-mandated quarterly settlement of unused funds might fail, potentially causing inconvenience.
- IPO applications and automated SIPs linked to Paytm Payments Bank are expected to fail.
It is highly recommended that you switch to an alternate bank account immediately to avoid any inconvenience or disruption to your trading activities.
Offer for Sale (OFS) - Andhra Cements Ltd. (ACL)
Buybacks, Takeovers and Delisting - February 2024
Here's the list of the latest Buybacks, Takeovers and Delisting. The Offer Period and Price are mentioned along with them. To participate in any of these:
Scrip Name | Sub Type | Start Date | End Date | Floor Price |
ANSHNCO | Takeover | 02-02-24 | 15-02-24 | Rs. 17 |
DHRUVCA | Takeover | 05-02-24 | 16-02-24 | Rs. 56.50 |
DAIKAFFI | Takeover | 09-02-24 | 23-02-24 | Rs. 38.72 |
SHALPAINTS | Takeover | 12-02-24 | 26-02-24 | Rs. 200 |
GLS | Takeover | 15-02-24 | 29-02-24 | Rs. 631.20 |
KDML | Takeover | 12-02-24 | 26-02-24 | Rs. 155.67 |
SCARNOSE | Takeover | 14-02-24 | 28-02-24 | Rs. 73 |
AKM | Takeover | 14-02-24 | 28-02-24 | Rs. 15 |
STRLGUA | Takeover | 26-02-24 | 11-03-24 | Rs. 1.10 |
Bonus Issue of Fiem Industries Ltd.
Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.
As per the recent BSE circular, Fiem Industries Ltd. (Scrip Code: 532768) is issuing 1 bonus share for every 1 existing share. The key dates for the bonus Issue are as follows:
Company Name | Symbol | Record date | Ex-Bonus basis from Date |
Fiem Industries Ltd. | FIEMIND | 28-Feb | 28-Feb |
Refer: BSE Circular