The record date is set by the company to determine which shareholders are eligible to receive the offer. To qualify for a buyback offer, bonus issue, or stock split, shares must be held in the Demat account on the record date.
Here is a list of stocks approaching their record date for various corporate actions this week:
July 1
Demerger |
Oriental Carbon & Chemicals: The board of Oriental Carbon has fixed July 1st as the record date for determining eligible shareholders.
July 2
Buyback |
Bajaj Consumer Care: Bajaj Consumer Care has announced a Rs 166.49-crore share buyback. The record date for this buyback is July 2nd.
Bonus issue |
Oil India: The record date for the 1:2 bonus split has been fixed as July 2nd.
July 3
Bonus issue | GPT Infraprojects:
GPT Infraprojects will be issuing bonus shares in the ratio 1:1. The record date for this purpose has been fixed as July 3rd.
Stock split | Worth Investment & Trading:
The company will be splitting its shares from a face value of Rs 10 per share to Re 1 per share. The record date for this will be July 3rd.
July 4
Buyback |
eClerx Services: eClerx has announced a Rs 385 crore buyback, with the record date set for July 4th.
July 5
Bonus issue
Vertoz Advertising:
The company intends to issue bonus shares in the ratio of 1:1, with the record date set for July 5th.
Remedium Lifecare:
The company has announced a bonus issue in the ratio of 1:3, with the record date set for July 5th.
Stock split
Remsons Industries:
The company intends to split its shares from a face value of Rs 10 per share to Rs 2 per share. The record date for this action is July 5th.
Vertoz Advertising:
Vertoz Advertising will be splitting its shares from a face value of Rs 10 per share to Re 1 per share, with the record date set for July 5th.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
