SUMMARY
From Linc’s stock split and bonus issue to the Maruti Suzuki-promoted company’s bonus issue of shares, these are the stocks with corporate actions in the upcoming week.
1 / 6Multiple companies will undergo corporate actions of various kinds in the upcoming. These include some companies which are under the Extra Surveillance Measures (ESM) framework, while a Maruti Suzuki-backed company will also undergo corporate actions this week. Lets take a look at that list.
2 / 6Bharat Seats | This company, which classifies Maruti Suzuki as a promoter entity, had announced a 1:1 bonus issue earlier, meaning shareholders will be eligible to own one free share for every one share they held as of the record date. The company has now fixed Friday, December 20, as the record date for the bonus issue.
3 / 6Linc | The company had announced a bonus issue as well as a stock split. The company, similar to Bharat Seats, will issue one free share for every one share held. Additionally, it will also split one equity share of ₹10 into two shares of ₹5 each. The record date for both the bonus and the stock split has been fixed as Friday, December 20.
4 / 6Shish Industries | This nearly ₹500 crore market cap company that deals with supply and export of packaging, construction materials and consumer products, announced that it will split one equity share of ₹10 into ten shares of ₹1 each. The record date for the same has been fixed as Tuesday, December 17.
5 / 6Styrenix Performance Materials | Recently in the news for its acquisition of INEOS Thailand, the company also announced an interim dividend of ₹31 to go with it. The record date for the dividend payout has also been fixed as Tuesday, December 17.
6 / 6Rajeshwari Cans | The company had announced a 1:1 bonus issue for which the record date has been fixed as Thursday, December 19. However, it must be noted that the stock trades under Stage 1 of the ESM framework, which means that the stock has a circuit filter of 5% and trades only under a trade-for-trade mechanism.
