Stock Split, Bonus Share, Rights Issue: 5 Companies Announcements In Last 1-Week

Leading companies made announcements pertaining to bonus share, stock split, and rights issue in the past one week. These companies are Shilchar Technologies Ltd, Piramal Pharma, Mena Mani Industries, Power Grid Corporation, and NINtec Systems. Check details below:

1. Power Grid Corporation To Announce Bonus Share On July 31: The large cap power sector Maharatna company is all set to consider announcement of bonus share on Monday, July 31, 2023. Earlier, it also recommended final dividend of Rs 4.75 per share and fixed August 8, 2023 as the record date. The company announced on July 25 its plans to consider issuance of bonus share and raising of funds up to Rs 12,000 crore.

Last trading price of Power Grid stock is Rs 258.25 apiece. Its 52-week high price is Rs 263.65 apiece and 52-week low price is Rs 186.35 apiece, respectively. Power Grid shares offered 89% return in last 3-years and jumped 21% in last 1-year.

2. Shilchar Technologies Ltd Recommends & Approves 1:1 Bonus Share: The small cap electric sector company on July 29 recommended and approved issuance of bonus share in the proportion of 1:1 and has yet to declare the record date for the same.

Last trading price of Shilchar Technologies shares is Rs 2599.70 per share with intraday gain of 4.16%. It traded back to back 52-week high on July 24, July 25, and July 26. Its 52-week high price is Rs 2710.00 and 52-week low price is Rs 552.10 apiece, respectively. Its market capitaliastion is Rs 991.37 crore. Shilchar Technologies shares offered 130% return in last 6-months, 317% return in last 1-year, and 2213% return in last 3-years.

3. NINtec Systems Ltd Recommends 4:5 Bonus Issue, Sets Record Date: The multibagger IT Software company on June 19, 2023 recommended bonus equity shares in the proportion of 4:5. The company on July 25, 2023 fixed August 3, 2023 as the record date for 4:5 bonus issue.

Last trading price of NINtec Systems share is Rs 631.15 per share with intraday gain of 3.11 as on July 28, 2023. Its 52-week high price is Rs 644.05 per share and 52-week low price is Rs 84.65 per share, respectively. Its market capitalisation is Rs 651.35 crore. NINtec Systems shares offered 682% return in last 1-year, 3007% return in last 2-years, and 4703% return in last 3-years.

4. Mena Mani Industries Approves Stock Split, Sets Record Date: The company on July 20, 2023 considered and approved split/sub-division of equity shares from existing face value of Rs. 10/- (Rupees Ten Only) per Equity Share to 10 (Ten) Equity Shares of Face Value of Re. 1/- (Rupee One Only) per Equity Share. The company on July 28, 2023 fixed August 11, 2023 as the record date for stock split.

Last trading price of Mena Mani Industries share is Rs 32.20 apiece with intraday fall of 4.99%. The stock touched lower circuit on July 28. Its 52-week high price is Rs 45.97 per share and 52-week low price is Rs 10.30 per share, respectively. The penny stock has a market capitalisation of Rs 32.31 crore. In last 3-months, Mena Mani Industries share offered 147% return, rallied 198% in last 1-year, and jumped 370% in last 3-years.

5. Piramal Pharma Sets Record Date For Rights Issue: The company on July 27 declared that its rights that had been approved earlier this year scheduled to open for subscription from August 8 to August 16. Piramal Pharma's committee of directors held a meeting on July 27 and approved issuance of 13 crore fully paid-up equity shares each for an amount aggregating approximately Rs 1050 crore. It is worth noting that the shares under rights issue shall be offered at Rs 81/ fully paid-up equity shares.

The committee set August 2 as the record date for the purpose of determining the existing equity shareholders eligible to obtain the rights entitlement in the rights issue.
According to the BSE filing, "Pursuant to the above referred, the Committee of Directors (Rights Issue) at its meeting held today, July 27, 2023, has inter alia considered and approved the following terms of the Rights Issue:

a. Instrument: Fully paid-up Equity Shares of face value of ₹10 each;

b. Total number of Equity Shares and Rights Issue size: 129,629,630 fully paid-up Equity Shares each for amount aggregating up to ₹1,050 crore;

c. Rights Issue Price: ₹81.00 per fully paid-up Equity Share [including a premium of ₹ 71 per Equity Share];

d. Record Date: Wednesday, August 2, 2023 designated for the purpose of determining the existing equity shareholders entitled to receive the rights entitlement in the Rights Issue ("Eligible Equity Shareholders")

Last trading price of Piramal Pharma share is Rs 105.63 per share with intraday fall of 2.61%. Its 52-week high price is Rs 201.80 per share and 52-week low price is Rs 63.13 per share, respectively. Its market capitalisation is Rs 12,605.02 crore.
Piramal Pharma shares offered 49% return in last 3-months and declined 13% YTD.

Disclaimer: The stocks highlight the bonus issue, rights issue, stock split and are not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.