Next week is set to be action-packed for stock market enthusiasts as companies gear up for significant corporate actions, including dividend payouts, stock splits, bonus share issuances, and rights offerings. Here’s a detailed look at the key updates for the upcoming week:
Vedanta
- Dividend Announcement: Vedanta has declared its fourth interim dividend of ₹8.5 per equity share (face value ₹1) for FY 2024-25.
- Payout Details: The dividend amounts to approximately ₹3,324 crores.
- Record Date: December 24, 2024.
- Payment Timeline: Payments will follow regulatory timelines.
Mazagon Dock Shipbuilders
- Stock Split: The company will split 1 equity share of ₹10 into 2 equity shares of ₹5 each.
- Record Date: December 27, 2024.
- Impact: The split aims to enhance liquidity and make the stock more affordable for retail investors.
Aayush Wellness
- Bonus Share Issue: Shareholders will receive 1 bonus share for every 2 shares held (1:2 ratio).
- Record Date: December 26, 2024.
- Additional Surveillance: The company is under Enhanced Surveillance Measure (ESM – Stage 2) and Graded Surveillance Measure (GSM – Stage 0) on the BSE.
Bharat Global Developers
- Dual Corporate Actions:
- Bonus issue in an 8:10 ratio (8 bonus shares for every 10 shares held).
- Stock split dividing one ₹10 share into ten ₹1 shares.
- Record Date: December 26, 2024.
- Market Watch: The company is under Additional Surveillance Measure (ASM – Stage 4).
Evans Electric
- Bonus Share Issue: Shareholders will receive 1 bonus share for every 1 share held (1:1 ratio).
- Record Date: December 26, 2024.
- Surveillance Status: The company is under Additional Surveillance Measure (ASM – Stage 1).
NMDC
- Bonus Share Issue: NMDC will issue 2 new equity shares for every 1 existing share (2:1 ratio).
- Record Date: December 27, 2024.
- Impact: Over 586 crore equity shares will be issued as part of this bonus plan, significantly increasing the share capital base.
Anupam Finserv
- Rights Issue: The company will issue over 11.5 crore equity shares at ₹1.75 per share, including a ₹0.75 premium.
- Record Date: December 27, 2024.
Dhanlaxmi Bank
- Rights Issue:
- Details: The issue price is set at ₹21 per share.
- Timeline: Opens on January 8, 2025, and closes on January 28, 2025.
- Record Date: December 27, 2024.
Summary
| Company | Action | Details | Record Date |
|---|---|---|---|
| Vedanta | Dividend | ₹8.5 per share; ₹3,324 crore total | December 24, 2024 |
| Mazagon Dock Shipbuilders | Stock Split | 1 share of ₹10 split into 2 shares of ₹5 | December 27, 2024 |
| Aayush Wellness | Bonus Issue | 1 bonus share for every 2 shares held | December 26, 2024 |
| Bharat Global Developers | Bonus & Stock Split | 8:10 bonus; 1 share of ₹10 split into 10 of ₹1 | December 26, 2024 |
| Evans Electric | Bonus Issue | 1 bonus share for every 1 share held | December 26, 2024 |
| NMDC | Bonus Issue | 2:1 ratio; 586 crore new shares | December 27, 2024 |
| Anupam Finserv | Rights Issue | ₹1.75 per share; 11.5 crore shares | December 27, 2024 |
| Dhanlaxmi Bank | Rights Issue | ₹21 per share; opens Jan 8, 2025 | December 27, 2024 |
Conclusion
The upcoming week presents significant opportunities and events for investors, with companies like Vedanta, NMDC, and Mazagon Dock Shipbuilders leading the charge. From lucrative dividend payouts to shareholder-friendly stock splits and bonus issues, these actions reflect the vibrancy of the Indian stock market. Investors are advised to keep a close watch on record dates and align their portfolios strategically to make the most of these developments.
Disclaimer:
This article is for informational purposes only and does not constitute financial or investment advice. Always consult with a financial advisor before making investment decisions.
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