Stock Splits and Rights Issues: What Investors Need to Know
Bondada Engineering Stock Split
Bondada Engineering has announced an upcoming stock split where shares will be divided from a face value of Rs. 10/- to Rs. 2/-. This stock split is scheduled to take effect on the ex-date of 02-Sep-24. Such adjustments often aim to improve liquidity and make the shares more affordable for retail investors.
Sapphire Foods India and Andhra Paper Stock Splits
Sapphire Foods India is set to follow suit with a stock split changing the face value from Rs. 10/- to Rs. 2/-. The ex-date for this event is 05-Sep-24. Shortly after, Andhra Paper will enact a similar stock split on 11-Sep-24, also reducing the face value of its shares from Rs. 10/- to Rs. 2/-. These moves are typically designed to increase trading activity and accessibility.
Sportking India Stock Split
Sportking India is planning a more significant adjustment by reducing its share face value from Rs. 10/- to Rs. 1/-, effective from 13-Sep-24. Such a stock split is likely aimed at substantially improving the stock’s liquidity and appeal to a broader investor base.
Upcoming Rights Issues
Looking at rights issues, Vardhman Polytex has set its ex-date for 28-Aug-24. Vishvprabha Ventures’ ex-date will be 06-Sep-24, while Swiss Military Consumer Goods is offering from 23-Aug-24, closing on 06-Sep-24. Vinny Overseas will have its right issue from 27-Aug-24 to 10-Sep-24, and Orient Green Power Company from 27-Aug-24 to 13-Sep-24. These rights issues provide current shareholders the opportunity to purchase additional shares, usually at a discounted rate, helping companies raise capital.
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