The record date for the Kanoria Chemicals Bonus Issue and Kanoria Chemicals Stock Split has been announced by the board of Kanoria Chemicals & Industries Limited over the weekend. Kanoria Chemicals Bonus Issue ratio has been fixed as 1:2 (1 bonus share for every 2 shares held). Kanoria Chemicals Stock Split ratio has been fixed as 2:1 (2 shares of face value Rs. 5 each will be given in lieu of 1 share of face value Rs. 10 each). The record date for both the Bonus Issue and the Stock Split has been fixed as Friday, December 14, 2007.
Phoenix Mills Stock Split announcement during non trading hours, last week, helped the stock zoom by over 5% on a day when the overall Indian stock markets were bearish, down by about 5%. Phoenix Mills Stock Split will be considered by the board of Phoenix Mills Limited in the forthcoming board meeting scheduled on Wednesday, December 19, 2007. Mode details such as Phoenix Mills Stock Split Record date and the stock split ratio will be available after the board meeting is over
Century Plyboards Stock Split proposal led to the share prices of Century Plyboards India Limited soaring by over 6% today. Century Plyboards India Limited today informed the stock exchanges that the board of directors of Century Plyboards will meet on December 18, 2007 to consider splitting the face value of the company’s shares. The proposed Century Plyboards Stock Split ratio is 10:1. This means investors will get 10 shares of face value Rs. 1 each for every 1 share of face value Rs. 10 each that they hold on the record date of the stock split. Century Plyboards Stock Split record date is yet to be announced. The same will be updated here as soon as it is announced by the board of Century Plyboards.
Gujarat Fluorochemicals Stock Split announcement led to a surge in the share prices of Gujarat Fluorochemicals Limited today on the Indian stock exchanges. Gujarat Fluorochemicals Limited informed the stock exchanges that the board of Gujarat Fluorochemicals will meet on December 19, 2007 to consider splitting the face value of the company’s shares. The proposed Gujarat Fluorochemicals Stock Split ratio is 2:1. Gujarat Fluorochemicals Stock Split Record date has not yet been announced. The same will be updated here as soon as it is announced by the company.
Modern India moved up smartly by about 5% following an announcement made with the Indian stock exchanges which said that the board of directors of Modern India will meet on Monday, December, 17 2007 to consider a proposal to split the face value (stock split) of the company’s shares. More details about the Modern India Stock Split including the record date for the stock split and the ratio of the stock split will be updated here as soon as the information is announced by Modern India Limited. Modern India is a small cap company which has textile and real estate businesses. Modern India seems to be an attractive buy. However since the liquidity in the counter is very low, it becomes a high risk – high return investment. Investors looking at buying shares of Modern India should do so before the record date for the stock split.
Walchandnagar Industries Limited has informed the stock exchanges that the board of Walchandnagar Industries has recomended an issue of bonus shares to the equity shareholders apart from a Stock Split and a fat 100% special dividend to mark the centenary year for the company. The Walchandanagar Bonus Issue ratio, subject to shareholder approval is 1:1 and the ratio for the stock split is 5:1. The bonus issue, stock split and dividend are subject to shareholders approval in the forthcoming AGM.
Classic Diamonds India Limited has informed the stock exchanges that the board of Classic Diamonds has approved the proposal to split the face value of the company’s shares. However, the Classic Diamonds stock split record date has not yet been announced. The record date of the Classic Diamonds stock split will be updated here as soon as it is announced by the company.
Uma Petroproducts India Limited has informed the stock exchanges that the board of Uma Petroproducts will consider splitting the face value (stock split) of the company’s shares. Uma Petroproducts stock split will be discussed in the board meeting to be held on Wednesday November 21, 2007. The stock split ratio is likely to be 10 : 1 wherein 1 share of face value Rs. 10 each will be split into 10 shares of face value Rs. 1 each. Uma Petroproducts stock split record date is yet to be announced.
Jindal Steel & Power Limited today informed the stock exchanges that the board of Jindal Steel will meet on Wednesday, November 21 2007 to consider splitting the face value (stock split) of the company’s shares. The proposed ratio of the Jindal Steel Stock Split is 5:1 where in shareholders of Jindal Steel on the record date for the Stock Split will get 5 shares of face value Rs. 1 each in lieu of every 1 share of face value Rs. 5 each that they hold in Jindal Steel & Power Limited. The Jindal Steel Stock Split record date will be updated here as soon as it is announced.
Orient Paper & Industries Limited has informed the stock exchanges that the board of Orient Paper will meet on November 14, 2007 to consider splitting the face value of the company’s shares. More details about the Orient Paper Stock Split including the record date for the stock split as well as the ratio of the stock split will be available after the meeting is over. The same will be updated here as soon as it is available.
Punjab Woolcombers has informed the stock exchanges that the board of Punjab Woolcombers has approved the stock split. However, the board is yet to announce the Punjab Woolcombers stock split record date. The ratio of the stock split is 10:1 wherein the face value of the shares of Punjab Woolcombers will be split from 1 share of face value Rs. 10 each to 10 shares of face value Rs. 1 each.
The Record Date for the Cinevistaas Stock Split has not yet been announced. Based on the announcement made with the stock exchanges by the company, Cinevistaas Stock Split Record Date will be announced on Saturday, November 10, 2007. Last month Cinevistaas had informed the stock exchanges that the board of directors proposed to split the face value of the company’s shares from 1 share of Rs. 10 each to 5 shares of Rs. 2 each.
Action Construction Limited has informed the stock exchanges that the board of Action Construction would consider splitting the face value (stock split) of the company’s shares in the forthcoming board meeting on October 25, 2007. More clarity on the Action Construction Stock Split such as the record date for the stock split and the ratio of the stock split will be available after the board meeting is over.
Jaiprakash Associates has informed the stock exchange that the board of Jaiprakash Associates Limited which met today, approved the proposal to split the face value of the company’s shares (stock split). The ratio of the stock split has also been fixed. Jaiprakash Associates stock split ratio is 5:1 which means 1 share of face value Rs. 10 each would be split into 5 shares of face value Rs. 2 each. The shares of Jaiprakash Associates zoomed up today after the news about the stock split hit the markets.
Bampsl Securities has fixed the record date for the bonus issue. The Bampsl Securities bonus issue record date is November 05, 2007. The ratio of the Bampsl Securities bonus issue is 2:5 (2 bonus shares for every 5 shares held in Bampsl Securities). On the first week of July, the board of Bampsl Securities Limited had recommended a 2:5 issue of bonus shares and a 2:1 stock split.