Bonus shares and stock splits are corporate actions taken to meet the company's objective. Bonus shares are in fact a dividend in the form of shares or stock and allotted to company's shareholders in proportion of their holdings. Bonus shares can be issued to increase the number of outstanding shares and hence encourage wider retail participation. Herein though the face value remains unchanged.
Stock split is another corporate action i.e. initiated and results in the stock split or subdivision of shares in respect of its face value. So, if the stock's face value is Rs. 10 and there is announced a 1:2 stock split then the new face value will be Rs. 5. Consequently, post the stock split, if you as an investor previously owned 1 stock, you will now have 2 shares.
So, here are 3 stocks for which stock split and bonus ex-dates fall next week:
The split date or the ex-date for the stock split of Goldiam International shares from the old face value of Rs. 10 to new face value of Rs. 2 is March 28, 2022. The company on March 16, 2022 informed that the Board of Directors of the Company has fixed, Tuesday, March 29, 2022 as Record Date for sub-division of equity share of face value of Rs. 10/- (Rupees Ten) fully paid up into 5 (Five) equity shares of face value of Rs 2/- (Rupee Two) each fully paid.
Goldiam International is a small cap firm engaged in the business of manufacturing and exporting jewellery. The company is among the world's most exquisite global exporters of luxurious diamond jewelry. Also, the company is a Fully Integrated OEM partner for Retailers. The shares of the company were last as on March 24 were priced at Rs. 766.75 per share on the NSE.
This finance company's in its board meeting held on March 16 considered as well as fixed the record date (March 30, 2022) for determining the eligibility of members for the purpose of sub-division of 1(one) Equity shares of face value of Rs. 10/- each into 10(Ten) Equity shares of Re. 1/- each.
ARC Finance is an NBFC firm registered with the RBI for carrying out NBFC activities. The company operates as a Non Deposit taking Non Banking Finance Company engaged primarily in the business of advancing loans and investing/trading in securities.
The company's stock ahead of the stock split hit lower circuit limit of Rs. 24.5 per share on the BSE.
Gian Life Care
Gian Life Care Limited that operates as a diagnostic center offers pathology, digital x-ray, mammography, allergy test, and sonography services. The company announced 6:5 bonus share issuance i.e. 6 bonus shares for every 5 fully paid up shares each held by the shareholder and the record date for determining the eligibility for bonus shares has been intimated as March 30, 2022.
The company's stock in trade on March 24, 2022 settled at a price of Rs. 107, down over 4% from the previous close of Rs. 112 per share on the BSE.
|Company||Corporate Action||Record date||Ex-date|
|Goldiam International||Stock split From a face value of Rs. 10 to new face value of Rs. 2||29-Mar-22||28-Mar-22|
|ARC Finance||Stock split from old FV of Rs. 10 to new FV of Rs. 1||30-Mar-22||29-Mar-22|
|Gian Life Care||Bonus 6:5||30-Mar-22||29-Mar-22|