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 stocks that set record dates for stock splits:
Jai Balaji Industries Limited
With a market cap of Rs. 15,780 crores, the stock surged nearly 4.4 percent on BSE to Rs. 881 on Friday.
The company has set 17th January 2025 as the “Record Date” for determining the entitlement of Equity Shareholders for sub-division/split of existing equity shares of the company in a 1:5 ratio, such that 1 fully paid-up equity share with a face value of Rs. 10 each will be split into 5 fully paid-up shares with a face value of Rs. 2 each.
Incorporated in 1999, Jai Balaji Industries Limited is primarily engaged in the business of manufacturing of iron and steel products including sponge iron, pig iron, ductile iron pipe, ferrochrome, billet, TMT, coke and sinter with the captive power plant.
NAVA Limited
With a market cap of Rs. 13,952 crores, the stock slumped 3.8 percent on BSE to hit an intraday low at Rs. 887.65 on Friday.
The company has set 20th January 2025 as the “Record Date” for determining the entitlement of Equity Shareholders for sub-division/split of existing equity shares of the company in a 1:2 ratio, such that 1 fully paid-up equity share with a face value of Rs. 2 each will be split into 2 fully paid-up shares with a face value of Rs. 1 each.
NAVA Limited is primarily engaged in the business of manufacturing and selling of ferroalloys, generation of power, and operation & maintenance services for power assets.
BN Rathi Securities Limited
With a market cap of Rs. 269.3 crores, the stock surged nearly 6.3 percent on BSE to Rs. 263 on Friday.
The company has set 24th January 2025 as the “Record Date” for determining the entitlement of Equity Shareholders for sub-division/split of
existing equity shares of the company in a 1:2 ratio, such that 1 fully paid-up equity share with a face value of Rs. 10 each will be split into 2 fully paid-up shares with a face value of Rs. 5 each.
B.N. Rathi Securities Limited is primarily engaged in the business of broking in securities, along with dealing in depository operations and institutional equities.
Written by Shivani Singh
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