Buybacks, Takeovers and Delisting - November 2023
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:
Sub-division of equity shares of Shaily Engineering Plastics 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 Shaily Engineering Plastics Ltd. (Scrip Code: 501423) will be sub-divided into 5 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Shaily Engineering Plastics Ltd. | SHAILY | 1:5 | 23-Nov | 23-Nov |
Refer: BSE Circular | NSE Circular
Bonus Issue of Avantel Ltd.
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, Avantel Ltd. (Scrip Code: 532406) is issuing 2 bonus shares 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 |
Avantel Ltd. | AVANTEL | 24-Nov | 24-Nov |
Refer: BSE Circular
Amalgamation of HG Industries Ltd and Greenlam Industries Ltd.
Per a circular, Greenlam Industries Ltd. has announced the allotment of equity shares to HG Industries Ltd. shareholders w.e.f 22-Nov-23. 1 equity share of Greenlam Industries Ltd. to be issued for every 2 equity shares held by shareholders of HG Industries Ltd.
The following security will be suspended from trading w.e.f 22-Nov-23.
Name of Company | Symbol | Reason for Suspension |
HG Industries Ltd. | HGIND | Scheme of Amalgamation |
Refer: BSE Circular
Dividend payment by Coal India Ltd.
A dividend is an amount the company pays to its shareholders out of its profits. These regular profit-sharing payment in the form of dividends is a corporate action initiated by the company regularly.
As per a recent circular, Coal India Ltd. has announced a dividend payment of Rs. 15.25. The key dates for the same are as follows:
Company Name | Symbol | Dividend Amount | Record date |
Coal India Ltd. | COALINDIA | Rs 15.25 | 21-Nov-23 |
1. The 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. The details of the revised option strike prices, futures prices, lot size and quantity freeze limit wherever applicable, will be informed to members separately via circular one day prior to the exdate / effective date.
Refer: NSE Circular
Dividend payment by Oil and Natural Gas Corporation Ltd.
A dividend is an amount the company pays to its shareholders out of its profits. These regular profit-sharing payment in the form of dividends is a corporate action initiated by the company regularly.
As per a recent circular, Oil and Natural Gas Corporation Ltd. has announced a dividend payment of Rs 5.75. The key dates for the same are as follows:
Company Name | Symbol | Dividend Amount | Record date |
Oil and Natural Gas Corporation Ltd. | ONGC | Rs 5.75 | 21-Nov-23 |
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. The details of the revised option strike prices, futures prices, lot size and quantity freeze limit wherever applicable, will be informed to members separately via circular one day prior to the ex-date / effective date.
Refer: NSE Circular
W.e.f 20-Nov: New Identity for Quint Digital Media Ltd.
As per a recent circular, the name and symbol of Quint Digital Media Ltd. (Scrip code: 539515) will be changed as follows w.e.f 20-Nov-23.
Existing Symbol | New Symbol | Existing Name of the Company | New Name of the Company |
QUINT | QUINT* | Quint Digital Media Ltd. | Quint Digital Ltd. |
Refer: BSE Circular
Amalgamation of Tata Steel Long Products Ltd. and Tata Steel Ltd.
Per a circular, Tata Steel Ltd. has announced the allotment of equity shares to Tata Steel Long Products Ltd. shareholders w.e.f 17-Nov-23. 67 equity shares of Tata Steel Ltd. to be issued for every 10 equity shares held by shareholders of Tata Steel Long Products Ltd.
The following security will be suspended from trading w.e.f 17-Nov-23.
Name of Company | Symbol | Reason for Suspension |
Tata Steel Long Products Ltd. | TATASTLLP | Scheme of Amalgamation |
Refer: BSE Circular
Rights Issue - November 2023
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 November 2023:
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 |
Globalspace Technologies Limited | 03-Nov | 03-Nov | INR 12 | 16- Nov to 20- Nov | 23- Nov | ASBA | BSE |
Aerpace Industries Limited | 15- Nov | 15- Nov | INR 1 | 28- Nov to 04- Dec | 07- Dec | 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.
W.e.f 16-Nov: New Identity for Unimode Overseas Ltd.
As per a recent circular, the name and symbol of Unimode Overseas Ltd. (Scrip code: 512595) will be changed as follows w.e.f 16-Nov-23.
Existing Symbol | New Symbol | Existing Name of the Company | New Name of the Company |
UNIMOVR | MANBRO | Unimode Overseas Ltd. | Manbro Industries Ltd. |
Refer: BSE Circular