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:
1. Julien Agro Infratech Ltd
Julien Agro Infratech Limited had formerly focused on land development and infrastructure projects under its prior name. It oversaw a variety of construction projects including residential, commercial, and industrial buildings using third-party contractors. The firm provided services such as landfilling, site clearance, and civil building. They now mostly trade agricultural goods.
With a market capitalization of Rs 55.33 crore, the shares closed at Rs 27.96 per share, increased around 4.25 percent as compared to the previous closing price.
The company has set Wednesday, January 8, 2025, 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.
2. Kamdhenu Ltd
Kamdhenu Limited is an India-based company, which is manufactures, markets, brands, and distribution thermo mechanically treated (TMT) bars, structural steel, paints, and allied products under the brand name KAMDHENU. The Company’s business activities include the manufacturing of basic iron and steel, the manufacture of structural metal, etc.
With a market capitalization of Rs 1,361.40 crore, the shares closed at Rs 499.10 per share, increased around 0.53 percent as compared to the previous closing price.
The company has set Wednesday, January 8, 2025, 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 10 equity shares having a face value of Re. 1 each, fully paid up.
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3. Shriram Finance Ltd
Shriram Finance Limited is largely in the business of financing commercial vehicles, passenger cars, construction equipment, agricultural equipment, micro, small, and medium-sized businesses, two-wheelers, gold, and personal loans. It provides fixed and regular deposits.
With a market capitalization of Rs 1.09 lakh crore, the shares closed at Rs 2,915.00 per share, decreased around 0.53 percent as compared to the previous closing price.
The company has set Friday, January 10, 2025, 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 5 equity shares having a face value of Re. 1 each, fully paid up.
4. Jai Balaji Industries Ltd.
Jai Balaji Industries Limited manufactures iron and steel goods. The company produces sponge iron, pig iron, ductile iron pipe, ferrochrome, billet, thermal mechanically treated (TMT), coke, and sinter with a captive power plant.
With a market capitalization of Rs 16,484.38 crore, the shares closed at Rs 903.50 per share, decreased around 0.61 percent as compared to the previous closing price.
The company has set Friday, January 17, 2025, 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 5 equity shares having a face value of Re. 1 each, fully paid up.
Written by:- Abhishek Singh
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