6 Stocks With Stock Splits, Bonus Issues & Rights Issues This Month

In the last three months, several companies posted their Q4 results and even declared bonus shares, dividends or stock splits. In May and April, two of them shared that June 21 is the record date fixed to note down the names of shareholders eligible for the bonus shares offered.

We have identified two stocks issuing bonuses, two others undergoing stock split and two more going for rights issue. Given below are the details of each them.

A. Stock Split

1. Varun Beverages

This small cap Pepsico franchisee company announced that each share with a face value of Rs 10 will change to Rs 5 each from 15th June 2023.

2. Ion Exchange

This small cap water and environment management solution company announced that each share with a face value of Rs 10 will change to Re 1 each from 12th June 2023.

B. Bonus Issue

1. Indiamart Intermesh

This mid-cap company announced a bonus issue on 28th April 2023 in the ratio of 1:1. Those shareholders having a single stock of the company will get additional one stock. The names of shareholders recorded till 21st June 2023 will be entitled to it.

2. Gulshan Polyols Ltd

This small cap company announced a bonus issue in the ratio of 1:5. Those shareholders having a single stock in the company will get additional five stocks. The names of shareholders recorded till 21st June 2023 will be eligible for it.

C. Rights Issue

1. North Eastern Carrying Corporation

This small cap company announced on 7th July 2022 that the company will be going for a rights issue in the ratio of 9:10. Those preferential shareholders who have nine stocks of the company at a face value of Rs 10 will get additional 10 shares at a premium of Rs 8. The names of shareholders recorded till 2nd June 2023 will be entitled to it.

2. Udaipur Cement Works

This small cap cement manufacturing company announced on 17th July 2022 that the company will be going for a rights issue in the ratio of 4:5. Those preferential shareholders who have four stocks of the company at a face value of Rs 10 will get additional four shares at a premium of Rs 4. The names of shareholders recorded till 14th June 2023 will be entitled to it.

Disclaimer

This write-up is for information purposes only, hence should not be treated as an advisory to invest. Neither the author nor Greynium Information Technologies would be held responsible for decisions based on this write-up.