Corporate action is when a publicly listed corporation makes substantial changes that affect its shareholders and financial structure. Actions that impact a company’s securities include dividends, stock splits, mergers, acquisitions, rights issues, and other related events. Shareholders may experience changes in ownership, stock value, or entitlements following corporate activities.
A stock split is a business move in which a firm divides its shares into multiples. The split does not affect the company’s total market value, but increases the number of outstanding shares, lowering the price per share. The goal is to make the stock more cheap for investors.
Here are the stocks that coming with a stock split this month:-
Exxaro Tiles Limited is engaged in the manufacturing and trading of vitrified tiles. It operates through the Manufacturing and Trading of refractory ceramic products segment. Its business operations are divided into various product categories, including ceramic tiles for both walls and floors.
With a market capitalisation of Rs 483.20 crore, the shares were trading at Rs 108.50 per share, increasing around 2.41 percent as compared to the previous closing price.
The company has set Friday, December 13, 2024, as the “Record Date” for determining entitlement of Equity Shareholders for sub-division/split of existing equity shares of the company, such that 1 equity share having a face value of Rs. 10 each, fully paid up, will be sub-divided into 10 equity shares having a face value of Re. 1 each, fully paid up.
PC Jeweller Ltd
PC Jeweller Limited is engaged in the business of manufacturing, selling and trading of jewellery. The Company offers a wide range of jewellery, including 100% hallmarked gold jewellery. The Company is engaged in the business of trading, manufacturing and sale of gold, diamonds, silver, precious stones etc.
With a market capitalization of Rs 8,463.37 crore, the shares were trading at Rs 181.00 per share, increasing around 1.49 percent as compared to the previous closing price.
The company has set Monday, December 16, 2024, as the “Record Date” for determining entitlement of Equity Shareholders for sub-division/split of existing equity shares of the company, such that 1 equity share having a face value of Rs. 10 each, fully paid up, will be sub-divided into 10 equity shares having a face value of Re. 1 each, fully paid up.
Shish Industries Ltd
Shish Industries Limited is an India-based company that is primarily engaged in the manufacturing of corrugated plastic sheets. The Company, through its wholly owned subsidiary, Shish Polylam Private Limited, is engaged in the business of radiant barriers, roof underlayment, paper polyethene and others.
With a market capitalization of Rs 482.22 crore, the shares were trading at Rs 135.45 per share, increasing around 1.04 percent as compared to the previous closing price.
The company has set Tuesday, December 17, 2024, as the “Record Date” for determining entitlement of Equity Shareholders for sub-division/split of existing equity shares of the company, such that 1 equity share having a face value of Rs. 10 each, fully paid up, will be sub-divided into 10 equity shares having a face value of Re. 1 each, fully paid up.
Mazagon Dock Shipbuilders Limited is engaged in building and repairing ships, submarines, various types of vessels, and related engineering products. The Company is into the construction of warships and submarines. It is also engaged in the production of defence equipment.
With a market capitalization of Rs 99,662.09 crore, the shares were trading at Rs 4,949.45 per share, increasing around 0.59 percent as compared to the previous closing price.
The company has set Friday, December 27, 2024, as the “Record Date” for determining entitlement of Equity Shareholders for sub-division/split of existing equity shares of the company, such that 1 equity share having a face value of Rs. 10 each, fully paid up, will be sub-divided into 2 equity shares having a face value of Re. 5 each, fully paid up.
Written by:- Abhishek Singh
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