Buybacks, Takeovers and Delisting - October 2022
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 | BSE/NSE Circular | Sub Type | Start Date | End Date | Floor Price |
KEERTI | NSE Circular | Takeover | 31-10-22 | 14-11-22 | Rs. 22 |
INEOSSTYRO | NSE Circular | Takeover | 28-10-22 | 11-11-22 | Rs. 848.72 |
SCFL | BSE Circular | Buyback | 25-10-22 | 09-11-22 | Rs. 28 |
VELOXIND | BSE Circular | Takeover | 19-10-22 | 04-11-22 | Rs. 10 |
SHREESHAY | BSE Circular | Takeover | 17-10-22 | 01-11-22 | Rs. 42 |
ASITCFIN | BSE Circular | Takeover | 13-10-22 | 28-10-22 | Rs. 151.44 |
ACROW | BSE Circular | Takeover | 06-10-22 | 19-10-22 | Rs. 659 |
QUICKHEAL | BSE Circular | Buyback | 04-10-22 | 18-10-22 | Rs. 300 |
IYKOTHITE | BSE Circular | Takeover | 07-10-22 | 20-10-22 | Rs. 7.50 |
SIS | NSE Circular | Buyback | 04-10-22 | 18-10-22 | Rs. 550 |
Adjustment of F&O contracts and Bonus Issue of NMDC
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, NMDC Ltd. is issuing 1 bonus share in NMDC Iron & Steel Ltd. for every 1 existing share held in NMDC Ltd. The key dates for the Bonus Issue are as follows:
Company Name | Record date | Ex-Bonus basis from Date |
NMDC Ltd. | 28-Oct-22 | 25-Oct-22 |
Refer: NSE circular
Sub-division of equity shares of Axita Cotton 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 Axita Cotton Ltd. 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 |
Axita Cotton Ltd. | AXITA | 1:10 | 21-Oct | 21-Oct |
Refer: NSE circular
W.e.f 21-Oct: New Identity for Meenakshi Enterprises Ltd.
As per a recent circular, the name and symbol of Meenakshi Enterprises Ltd. (Scrip code: 538834) will be changed as follows w.e.f 21-Oct-22.
Existing Symbol | New Symbol | Existing Name the of Company | New Name of the Company |
MEL | JMJFIN | Meenakshi Enterprises Ltd. | JMJ Fintech Ltd. |
Refer: BSE Circular
Bonus Issue of Regency Fincorp 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, Regency Fincorp Ltd. (Scrip Code: 540175) 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 |
Regency Fincorp Ltd. | REGENCY | 21-Oct | 21-Oct |
Refer: BSE circular
NMDC Ltd. (NMDC) Corporate Action
As per NSE’s circular, NMDC Ltd has announced the allotment of 1 equity share of NMDC Steel Ltd. for every 1 equity share of NMDC Ltd.
All existing contracts in the underlying NMDC, expiring on or after October 25, 2022, i.e. contracts expiring in the month of October-2022, November-2022 and December-2022, shall expire on October 25, 2022.
All existing contracts with expiry dates October 27, 2022, November 24, 2022 and December 29, 2022, will expire on October 25, 2022.
If you have any existing open positions in these contracts, kindly take the below steps:
The NMDC F&O Contracts for the above expiry dates will be re-introduced for trading on 27-Oct-22.
The list of option strikes from which specific strike prices would be made available for these contracts will be communicated via a separate circular to be issued on 25-Oct-22 post market hours.
Refer: NSE Circular
Sub-division of equity shares of TPL Plastech 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 TPL Plastech Ltd. 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 |
TPL Plastech Ltd. | TPLPLASTEH | 1:5 | 19-Oct | 19-Oct |
Refer: NSE circular
Sub-division of equity shares of Global Education 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 Global Education Ltd. will be sub-divided into 2 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Global Education Ltd. | GLOBAL | 1:2 | 19-Oct | 19-Oct |
Refer: NSE circular
Sub-division of equity shares of HLE Glascoat 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 HLE Glascoat Ltd. (Scrip Code: 522215) 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 |
HLE Glascoat Ltd. | HLEGLAS | 1:5 | 19-Oct | 18-Oct |
Refer: BSE circular
W.e.f 17-Oct: New Identity for GMR Infrastructure Ltd.
As per a recent circular, the name of GMR Infrastructure Ltd. (Scrip code: 532754) will be changed as follows w.e.f 17-Oct-22.
Existing Symbol | New Symbol | Existing Name the of Company | New Name of the Company |
GMRINFRA | GMRINFRA | GMR Infrastructure Ltd. | GMR Airports Infrastructure Ltd. |
Refer: BSE Circular