Buybacks, Takeovers and Delisting - September 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 |
BARODARY | BSE Circular | Takeover | 26-09-22 | 10-10-22 | Rs. 9.80 |
HKG | BSE Circular | Takeover | 23-09-22 | 07-10-22 | Rs. 14.20 |
ABVL | BSE Circular | Takeover | 20-09-22 | 03-10-22 | Rs. 30 |
LLOYDSME | BSE Circular | Takeover | 16-09-22 | 29-09-22 | Rs. 137 |
SURAJLTD | BSE Circular | Buyback | 14-09-22 | 27-09-22 | Rs. 77 |
TCIDEVELOP | BSE Circular | Delisting | 14-09-22 | 20-09-22 | Rs. 358.22 |
QUEST | BSE Circular | Takeover | 13-09-22 | 26-09-22 | Rs. 4 |
Bonus Issue of Ruby Mills 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, Ruby Mills Ltd. (Scrip Code: 503169) 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 |
Ruby Mills Ltd | RUBYMILLS | 26-Sep | 23-Sep |
Refer: BSE circular
W.e.f 22-Sep: New Identity for MBL Infrastructures Ltd.
As per a recent circular, the name of MBL Infrastructures Ltd (Scrip code: 533152) will be changed as follows w.e.f 22-Sep-22.
Existing Symbol | New Symbol | Existing Name the of Company | New Name of the Company |
MBLINFRA | MBLINFRA | MBL Infrastructures Ltd. | MBL Infrastructure Ltd. |
Refer: BSE Circular
Bonus Issue of JMD Venture 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, JMD Ventures Ltd (Scrip Code: 511092) 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 |
JMD Ventures Ltd. | JMDVL | 23-Sep | 23-Sep |
Refer: BSE circular
Sub-division of equity shares of Saksoft 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 Saksoft Ltd. (Scrip Code: 590051) 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 |
Saksoft Ltd | SAKSOFT | 1:10 | 26-Sep | 23-Sep |
Refer: BSE circular | NSE circular
Sub-division of equity shares of BSHSL
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 Bombay Super Hybrid Seeds 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 |
Bombay Super Hybrid Seeds Ltd. | BSHSL | 1:10 | 23-Sep | 23-Sep |
Refer: NSE circular
Offer For Sale (OFS) - September 2022
Offer for Sale of below companies are open in BSE/NSE. To Place your OFS Request:
Scrip Name | Category | Time Window | Floor Price | Cutoff Price |
MARSONS | Non-Retail | 22-Sep, 9:30am - 3:30pm | Rs. 3.25 | NA |
MARSONS | Retail | 23-Sep, 9:30am - 3:30pm | NA | NA |
BUTTERFLY | Non-Retail | 20-Sep, 9:30am - 3:30pm | Rs. 1370 | NA |
BUTTERFLY | Retail | 21-Sep, 9:30am - 3:30pm | NA | Rs 1482 |
GRINFRA | Non-Retail | 15-Sep, 9:30am - 3:30pm | Rs. 1260 | NA |
GRINFRA | Retail | 16-Sep, 9:30am - 3:30pm | NA | Rs. 1300.10 |
Revision in Quarterly & Monthly Settlement of Running Accounts
As per SEBI guidelines, Angel One needs to mandatorily settle any unutilized funds by transferring them to your bank account on a monthly/quarterly basis opted by you.
Below are the main points of SEBI’s guidelines:
With regard to the same, we would like to inform you that SEBI has revised the settlement timeline. W.ef. 01-Oct-2022, the mandatory settlement of any unutilized funds will take place on the first Friday of every month (if you have chosen monthly settlement) or on the first Friday of the next quarter (if you have opted for quarterly settlement).
Please refer to the table below to understand quarterly settlement dates.
Settlement Days |
1st Friday of July |
1st Friday of October |
1st Friday of January |
1st Friday of April |
As this is the 2nd quarter of the year and the circular is effective from 01-Oct-2022, the first settlement post the said revision will take place on the 1st Friday of October 2022.
Kindly note that if Friday is a trading holiday, such settlement shall happen on the previous trading day.
To know more about this revision in SEBI settlement dates, refer to the circular.
Bonus Issue of CHOICEIN
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, Choice International Ltd. (Scrip Code: 531358) 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 |
Choice International Ltd. | CHOICEIN | 23-Sep | 22-Sep |
Refer: BSE circular
Sub-division of equity shares of Leading Leasing Finance & Investment Company 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 Leading Leasing Finance & Investment Company Ltd. (Scrip Code: 540360) 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 |
Leading Leasing Finance & Investment Company Ltd. | LLFICL | 1:10 | 22-Sep | 22-Sep |
Refer: BSE circular