Five stocks that will see corporate actions for bonus, stock splits, rights issues and more

Five stocks listed on the exchanges are slated to see their record dates for the corporate actions announced by them earlier. These corporate actions range from share buyback, to bonus shares to stock splits, and even spin-offs of a business entity. Here's a look at the stocks in question

GRM Overseas

The company with a market capitalization of nearly ₹3,000 crore has announced that it will be issuing two bonus shares to shareholders for every one share held. The record date for this bonus issue has been fixed as Wednesday, December 24. This is the second instance of the company issuing bonus shares to its shareholders. Back in July 2021, the company had issued two bonus shares for every one share held by shareholders. In November 2021 the company also split one share of ₹109 each into five shares of ₹2 each.

Nectar Lifesciences

The company had announced last week that it will be repurchasing 3 crore fully paid-up equity shares through the tender offer route as part of its buyback process. Record date for the share buyback has been fixed as Wednesday, December 24. The company will be spending ₹81 crore as part of the buyback. Shares will be repurchased at a price of ₹27 per share.

DCM Shriram

The company will be demerging its chemicals and rayon businesses into two different entities - DCM Shriram Fine Chemicals and DCM Shriram International (DSIL). The approval for the demerger was received for the NCLT. In fact, Friday was the last date to determine the eligibility of shareholders who will be eligible to receive shares of the demerged businesses. Those who buy shares of the company Monday onwards, will not be eligible to receive new shares. Eligible shareholders will get one share of each demerged entity for every one share of the listed entity they own. The stock will begin trading ex-the demerger from Friday, Decemebr 26.

Nuvama Wealth Management

The company had earlier announced that it will be splitting one share of ₹10 each currently, into five shares of ₹2 each. The record date for this stock split has been fixed as Friday, December 26. This is the first stock split being carried out by the company. Since August 2024, the company has paid ₹283.5 as dividends to its shareholders.

Ram Ratna Wires

The company, with a market capitalization of nearly ₹3,000 crore had announced a bonus issue of shares, where it will be issuing one bonus share for every one share held as on the record date. The record date for the bonus issue of shares has been fixed as Friday, December 26. This is the second instance of the company issuing bonus shares for its shareholders. It had earlier announced the issue of one bonus share for every one share held back in September 2022.