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 set the record date of a stock split:
Fedders Holding Ltd
Fedders Holding Ltd focuses on investing, finance, and real estate. It earns revenue through consulting services, including business transactions, leasing, RERA advisory, sales and marketing strategy, and home finance assistance.
With a market capitalization of Rs 1,949.01 crore, the shares were trading at Rs 1,140.00 per share, increasing around 3 percent as compared to the previous closing price.
The Company has set Friday, September 20, 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.
Also Read: Ashish Kacholia stock to buy now for an upside of 45%; Do you own it?
Nandan Denim Ltd
Nandan Denim Limited is engaged in the manufacturing and sale of fabrics, including Denim, Yarn, and Shirting. Its Denim portfolio includes Knit Denim, Basic Denim, Lightweight shirting, polydobby, and Cotton Dobby. It provides a range of printed denims.
With a market capitalization of Rs 926.15 crore, the shares were trading at Rs 64.25 per share, decreasing around 1 percent as compared to the previous closing price.
The Company has set Thursday, September 19, 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.
Swastika Investmart Ltd
Swastika Investment Limited is engaged in rendering services about stock broking, depository participant (DP), merchant banking, mutual funds, initial public offering (IPO), commodities broking, non-banking financial services, valuation services, insurance services, and other third-party products.
With a market capitalization of Rs 280.58 crore, the shares were trading at Rs 948.00 per share, increasing around 1.01 percent as compared to the previous closing price.
The Company has set Wednesday, September 25, 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 5 equity shares having a face value of Re. 2 each, fully paid up.
Also Read: Stocks to Buy: 6 Stocks to buy now for an upside of up to 100%
Written by:- Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
