Latest News
-
1:5 & 1:2 Split, Rs 6/Sh Dividend: Fertilizer Stock Coming Up With 600% Payout; Record, Payment Dates Fixed -
Cube Highways Trust Set to Acquire Seven Highway Assets Worth Rs 5,172 Crore -
1:10 Split, Rs 51 Dividend: Accumulate Tata Stock, TP Rs 170; Big Update On £1.25 Bn Investment -
Tech Mahindra Sets Three-Year Plan for Robust Growth and Market Leadership by FY27 -
Tech Mahindra Q4 Net Profit Falls 41%, Announces Growth Strategy -
3 Bonus, 1:2 Split, 38 Dividends: Rs 1,915 Midcap IT Stock To Pay 360% Dividend After Q4 Profit Rises -
EU Finds No New ETO Cases in Indian Organic Exports Post-Dec 2020 -
1:5 Stock Split Approved: Defence Stock To Be Cheaper Soon, Shares Zoom 507% In 1-Yr -
Edelweiss Alternatives Expands Portfolio with Bengaluru's MMTP Projects Acquisition -
1:2 Split, 1:1 Bonus, Rs 28/Sh Dividend: Mahindra's IT Stock To Pay 560% Dividend; Check Record, Payment Dates
1 Bonus Shares And 1 Stock Split Announcement To Know About
Together with quarterly results, the companies are also factoring the bonus share issuance as well as stock split announcement. Likewise, one heavy engineering firm and one multibagger stock i.e. a lesser known scrip has made stock split announcement. Here we go on about the details on them:
GMM Pfaudler
The small cap company into manufacturing of glass-lined equipment, storage vessels and alloy steel equipment announced bonus share issuance. The company in the filing said, considered and recommended issue of bonus eguity shares in the ratio of 2(Two) new eguity shares for every 1 existing eguity share held, subject to approval by the
shareholders and any other regulatory approvals. The bonus shares will be credited to those shareholders who are holding the eguity shares as on record date i.e. July 12, 2022. The credit/ dispatch of said bonus eguity shares, as the case may be, shall be completed within 60 days from the date of approval of the Board i.e. latest by July 23, 2022.
ChandraPrabhu International
This is a trading and distribution concern. The company in the filing mentioned that "Proposal of Sub- Division (Split) of equity shares of the company from the existing Face value of Rs. 10/- per equity shares to Face value of Rs, 2/- per equity share as per Section 61(1)(d) of the Companies Act, 2013 and other applicable rules & regulations subject to approval of members of the company".So, the split shall be in the ratio of 1:5 and the rationale given for the split is to improve the Liquidity of equity shares with higher floating stocks and to make the equity Split shares more affordable for investors. This is a multibagger scrip with 1-year return at a whopping over 472%.
Conclusion
The bonus and stock split for these stocks are just informed by, nevertheless any call on investment in these stocks need not be taken considering these intended corporate actions.
