Corporate action refers to significant events initiated by a publicly traded company that impact its shareholders and overall financial structure.
These actions include dividends, stock splits, mergers, acquisitions, rights issues, and other events influencing a company’s securities. Shareholders often experience changes in ownership, stock value, or entitlements during corporate actions.
A stock split is a corporate action where a company divides its existing shares into multiple shares. The split does not change the overall market value of the company, but it increases the number of outstanding shares, reducing the price per share. It aims to make the stock more affordable for investors.
Here are the stocks that set the record date of a stock split next week:
OK PLAY INDIA LTD
OK Play India Limited is an Indian firm that manufactures indoor and outdoor play equipment, school furniture, and healthcare goods. The company makes plastic molded items such as electric cars, automobile components, and children’s playground equipment.
With a market capitalization of Rs 530.63 crore, the shares closed at Rs 182.80 per share, increasing by around 3.83 percent as compared to the previous closing price.
The Company has set Monday, March 11, 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 face value of Re. 1 each, fully paid-up
Waaree Renewable Technologies Ltd
Waaree Renewables Technologies Ltd is in the business of generating power from renewable energy sources and also offers consultation services in this respect. The corporation is among the largest vertically integrated new energy enterprises. It has India’s largest solar panel production capacity of 12GW at its sites in Chikhli and Surat.
With a market capitalization of Rs 15,507.83 crore, the shares closed at Rs 7,445.00 per share, increasing by around 5 percent as compared to the previous closing price.
The company has set Saturday, March 16, 2024, as the “Record Date” for determining Equity Shareholders’ entitlement to split/sub-division of existing Equity Shares.
One equity share with a face value of Rs. 10 will be divided into 5 equity shares with a face value of Rs. 2 each, fully paid up.
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.
