Sub-division of equity shares of Medico Remedies Ltd.
A 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 Medico Remedies Ltd. (Scrip Code: 540937) will be subdivided into 5 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Medico Remedies Ltd. | MEDICO | 1:5 | 16-Mar | 16-Mar |
Refer: BSE circular
Adjustment of F&O contracts and Bonus Issue of ASTRAL
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 shareholders.
As per the recent NSE circular, Astral Ltd. is issuing 1 bonus share for every 3 existing shares held. The key dates for the Bonus Issue are as follows:
Company Name | Record date | Ex-Bonus basis from Date |
Astral Ltd. | 14-Mar-23 | 14-Mar-23 |
In pursuant to the bonus issue of equity shares, the market lot size for F&O contracts of Astral Ltd. will be revised w.e.f. 14-Mar-23 as follows:
Scrip Name | Current Market lot size for F&O contracts | Revised Market lot size for F&O contracts |
Astral Ltd. | 275 | 366 |
Refer: BSE circular | NSE Circular
Sub-division of equity shares of Osia Hyper Retail Ltd.
A 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 Osia Hyper Retail Ltd. will be subdivided into 10 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Osia Hyper Retail Ltd. | OSIAHYPER | 1:10 | 13-Mar | 13-Mar |
Refer: NSE circular
Unfreeze of YES BANK securities
Subsequent to a circular in Mar-20, stock brokers were directed to freeze all Beneficiary/Pool accounts for both debits and credits, locking in YES BANK securities for three years, starting 13-Mar-20.
This lock-in comes to an end on 13-Mar-23, wherein YES BANK securities will be unfrozen in client Demat accounts, and will be available for trading. This will take place once the Exchange activates the YESBANK ISIN and all Beneficiary accounts are unfrozen.
Refer: NSE Circular
Important dates: Global Surfaces Ltd. IPO
Global Surfaces is engaged in the business of processing natural stones and manufacturing engineered quartz. Natural stones are produced by complex geological processes and include a number of products such as granite, limestone, marble, slate, quartzite, onyx, sandstone, travertine, and others that are quarried from the earth.
The below table has important dates with respect to the IPO allotment and listing.
Finalization of Basis of Allotment | 20-Mar-23 |
Initiation of Refunds | 21-Mar-23 |
Credit of Shares to Demat Acct | 22-Mar-23 |
IPO Shares Listing Date | 23-Mar-23 |
UPI mandate expiry date | 24-Mar-23 |
In case you have not been allotted for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.
Sub-division of equity shares of KP Energy 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 circular, 1 equity share of KP Energy Ltd. (Scrip Code: 539686) will be subdivided into 2 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
KP Energy Ltd. | KPEL | 1:2 | 10-Mar | 10-Mar |
Refer: BSE circular
Delisting of equity shares of SINTEX
As per recent circulars of BSE & NSE, the following security will be delisted w.e.f. March 10, 2023.
Name of the Company | Symbol | Reason for Suspension |
Sintex Industries Ltd. | SINTEX | Voluntary Delisting |
Refer: BSE Circular | NSE Circular
Amalgamation of Jindal Stainless (Hisar) Ltd. and Jindal Stainless Ltd.
As per a BSE circular, Jindal Stainless Ltd has announced the allotment of equity shares to Jindal Stainless (Hisar) Ltd. shareholders w.e.f 09-Mar-23. 195 equity shares with a face value of Rs.2/- each of Jindal Stainless Ltd. to be issued as fully paid up equity shares for every 100 fully paid up equity shares with a face value of Rs 2/- each held by shareholders of Jindal Stainless (Hisar) Ltd.
It is hereby notified that the following security will be suspended from trading w.e.f 09-Mar-23.
Name of Company | Symbol | Series | Reason for Suspension |
Jindal Stainless (Hisar) Limited | JSLHISAR | EQ | Scheme of Amalgamation |
Refer: BSE Circular | NSE Circular
Sub-division of equity shares of Gujarat Toolroom 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 circular, 1 equity share of Gujarat Toolroom Ltd. (Scrip Code: 513337) will be subdivided into 10 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Gujarat Toolroom Ltd. | GUJTLRM | 1:10 | 6-Mar | 6-Mar |
Refer: BSE circular
Now open SGB 2022-23 Series 4
Security Symbol | Issue Period | Date of Allotment | Issue Price per gram |
---|---|---|---|
SGB222304 | 06-Mar-23 to 10-Mar-23 | 14-Mar-23 | - Offline Bid: Rs. 5,611 - Online Bid: Rs. 5,561 (if you apply online and pay via digital mode) |
The sovereign gold bond scheme is a Government of India undertaking that allows you to purchase gold on paper. This is an easy alternative for investors who want to invest in gold but don't want the hassle associated with purchasing gold in physical form.
Here are Top 5 Super Benefits that SGBs provide: