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.
Here are the PSU stocks that set record dates for bonus issues and stock splits:-
NMDC LTD
NMDC Limited is an India-based producer of iron ore. The Company is involved in the exploration of a range of minerals including copper, rock phosphate, limestone, magnesite, diamond, tungsten, and beach sands amongst others. The Company’s segments include Iron Ore, and Pellet, Other Minerals & Services.
With a market capitalization of Rs 62,744.27 crore, the shares closed at Rs 214.10 per share, increased by around 0.21 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 bonus issues in the ratio of 2:1, where 2 equity shares of the company with a face value of Rs.1 will be issued to every one equity share held by eligible shareholders as on the record date.
Mazagon Dock Shipbuilders Ltd
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 defense equipment.
With a market capitalization of Rs 1.01 lakh crore, the shares were trading at Rs 5,039.20 per share, decreased by around 1.27 percent as compared to the previous closing price.
The company has set Friday, December 27, 2024, as the “Record Date” for determining the 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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