Next week (8 to 12 December) will be a record date for important corporate actions for the stocks of five companies in the stock market. These include corporate decisions like bonus issue, stock split and rights issue. The record date decides which investors will be entitled to these corporate benefits. Let us know when is the record date of which company and what changes are going to happen.
Deccan Gold Mines has announced that it will raise Rs 314 crore through a rights issue. The record date of this rights issue has been fixed for Monday, December 8. This means that only those shareholders who held shares of the company till Friday’s closing will be able to participate in this rights issue. The company’s shares will be traded adjusted according to the rights issue on Monday.
Mrs. Bectors Food had said in its quarterly results that it will split one share of Rs 10 into five shares of Rs 2 each. The record date of this stock split has been fixed as Friday, December 12. That means investors holding shares till this date will get the benefit of the split.
Bharat Rasayan has also fixed its record date as Friday, December 12. This record date will be applicable for two changes – bonus issue and stock split. The company will issue one bonus share for every share held (1:1 bonus), and will also split one share of Rs 10 into two shares of Rs 5 each. The stock will trade adjusted for both corporate actions on the same day.
Nureca has announced share buyback, under which the company will buy back shares at the rate of Rs 330 per share. This price is about 20% more than the closing price of that day. The company’s stock is now 85% below its 2021 peak. The record date of this buyback has been fixed as Friday, December 12. That means investors holding shares till this date will be able to participate in buyback.
VLS Finance had recently announced share buyback of Rs 100 crore. The record date of this buyback has also been fixed as Friday, December 12. The company will buy back the shares at the rate of Rs 380 per share.
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