Announcements

Per a circular, Tata Consumer Products Ltd. has announced the allotment of 1 equity share to Tata Coffee Ltd. shareholders for every 22 equity shares of Tata Coffee Ltd. as a procedure of demerger w.e.f 15-Jan-24. 14 equity shares of Tata Consumer Products Ltd. will also be issued for every 55 equity shares held by shareholders of Tata Coffee Ltd. as a scheme of amalgamation.

Refer: BSE Circular 

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 January 2024:

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.

A 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, Integra Essentia Ltd. (Scrip Code: 535958) is issuing 1 bonus share for every 1 existing share. The key dates for the Bonus Issue are as follows:

Refer: BSE Circular

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, Newgen Software Technologies Ltd. (Scrip Code: 540900) is issuing 1 bonus share for every 1 existing share. The key dates for the bonus Issue are as follows:

Refer: BSE Circular

A rights issue is a corporate action that offers existing shareholders an opportunity to buy additional shares from the company at a discounted price. After the rights issue is announced, the strike price and the market lot will also be revised.

As per a recent circular, Grasim Industries Ltd has announced a rights issue. The key details for the adjustment of futures & options contracts are as follows:

Let’s understand this with an example.

1. The above changes shall be effective from the ex-date/effective date 

2. The revised options strike/futures base prices and the lot size on account of adjustment would appear in decimal places and shall be rounded off to the nearest tick size, and the lot size shall be rounded off to the nearest integer.

3. Members will be informed separately of the details of the revised option strike prices, futures prices, lot size, and quantity freeze limit, wherever applicable. 

Refer: NSE Circular 

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 Cochin Shipyard Ltd. (Scrip Code: 540678) will be sub-divided into 2 equity shares. The key dates for the same are as follows:

Refer: BSE Circular 

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 circular, 1 equity share of Franklin Industries Ltd. (Scrip Code: 540190) will be sub-divided into 10 equity shares. The key dates for the same are as follows:

Refer: BSE Circular

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 Nestle India Ltd. (Scrip Code: 500790) will be sub-divided into 10 equity shares. The key dates for the same are as follows:

Refer: BSE Circular 1 | BSE Circular 2

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 circular, 1 equity share of Pearl Global Industries Ltd. (Scrip Code: 532808) will be sub-divided into 2 equity shares. The key dates for the same are as follows:

Refer: BSE Circular | NSE Circular

As per a recent NSE Circular, the Quantity Freeze Limit for different indices has been revised w.e.f 01- Jan-24.

Below are the Quantity Freeze Limits & Maximum Lots per Order applicable for the mentioned indices:

*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