SUMMARY
From ITC’s demerger to the Shriram Finance stock split, these are the major corporate actions to keep an eye on for the upcoming week.
1 / 6Ahead of the earnings season for the December quarter starting this week, multiple companies have their record dates lined up for their respective corporate actions, including bonus shares, stock split, rights issues and even demergers. Here is a look at these companies:
2 / 6ITC | The record date for the demerger has been fixed as Monday, January 6. This means Friday was the last day to buy ITC shares to be eligible for the shares of the hotels business. Shareholders will be eligible for one hotels share for every 10 shares held of the parent company.
3 / 6Algoquant Fintech | This ₹2,000 crore market-cap company had earlier announced a bonus issue in the ratio of 1:2, which means that the shareholders will be eligible for one free share for every two held as on the record date, which has been fixed as Wednesday, January 8.
4 / 6Camlin Fine Sciences | The company plans to raise ₹225 crore via a rights issue of shares and the record date for the same has been fixed as Wednesday, January 8. Shareholders will be eligible for five rights shares for every 41 shares they hold as on the record date.
5 / 6Jagsonpal Pharma | The company had decided to split one share of ₹5 each into shares of ₹2 each and the record date for the same has been fixed as Wednesday, January 8, 2025.
6 / 6Shriram Finance | The new Nifty 50 entrant had also decided to split one share with a face value of ₹10 each into five shares of face value of ₹2 each. The record date for the stock split has been fixed as Friday, January 10.
