Upcoming Corporate Actions: 3 Bonus Shares & Stock Splits To Watch Next Week

Bonus shares and sub-division of stocks are the two corporate actions which allow a shareholder of a company to increase the number of outstanding shares. Both corporate actions are issued by companies to enhance liquidity in the market and make shares more affordable. While bonus shares are additional shares that are given for free to the existing shareholders, a stock split divides its existing shares into multiple shares proportionally, thus lowering the price per share without affecting the market cap. Here we are going to discuss 6 stocks that are going to trade ex-bonus and ex-split in the coming week.

Sigachi Industries

The Board of Directors set the record date as 09.10.2023 for the stock split of the existing 1 equity share with a face value of Rs. 10/- each into 10 equity shares with a face value of Re. 1/- each at its meeting on September 9, 2023.
The stock ended on Friday at Rs 411.50 apiece on the NSE.

Gujarat Themis Biosyn

The company has fixed Tuesday, 10th October 2023 as the record date for determining the eligibility of shareholders for the purpose of subdivision/split of every one fully paid-up equity share having face value Rs. 5/- each in the authorised share capital of the company, into 5 fully paid-up equity shares having face value of Rs. 1/- each, as per an exchange filing.

On Friday, the shares of Gujarat Themis Biosyn closed on the BSE at Rs 1038.10 apiece.

Themis Medicare

Themis Medicare has fixed Tuesday, 10th October, 2023 as the record date for determining the eligibility of shareholders for the purpose of sub-division/split of every one fully paid-up equity share having face value Rs. 10/- each in the authorised share capital of the company, into 10 fully paid-up equity shares having face value of Rs. 1/- each, as per a regulatory filing.

Jonjua Overseas

The Board of Directors of the company has approved bonus shares in a 9:50 ratio which means that for every 50 shares held the existing shareholders as on record date will get 9 additional shares. 10th October has been fixed as the record date and due to the T+1 settlement mechanism, the ex-date is also falling on the same day.

Advance Lifestyles

The company has approved bonus shares in a 1:1 ratio, and the record date has been fixed as 13th October and the ex-date is falling on the same date. On Friday, the shares of Advance Lifestyles closed on the BSE at Rs 114.40 apiece.

RMC Switchgears

RMC Switchgears has considered and approved bonus shares in a 1:2 ratio with the record date as 13th October 2023. RMC Switchgears shares will traded ex-bonus on 13th October as per the data available on BSE.
RMC Switchgears shares closed on the BSE at Rs 713 on Friday.