Bonus Share News: In a move set to reshape the Indian stock market landscape, eight prominent companies have unveiled plans for stock splits this March, with the majority opting for ratios of 1:10. This strategic decision aims to enhance liquidity, reduce the stock’s nominal value, and attract both existing and new investors to capitalize on the market’s potential.
Tiger Logistics
Tiger Logistics has set March 4, 2024, as the record date for its stock split, with a ratio of 1:10. This means that each existing share, currently valued at Rs. 10, will be divided into ten shares, each valued at Re. 1. Founded in 2000, Tiger Logistics aims to provide reliable logistics solutions in the Indian market.
Capri Global Capital
Capri Global Capital has approved a stock split in a ratio of 2:1, scheduled for March 5, 2024. This move will increase the fully paid-up equity from Rs. 206.23 million to Rs. 412.46 million. Capri Global Capital, a diversified NBFC, primarily focuses on MSME loans and home loans.
Manorama Industries
Manorama Industries has fixed March 8, 2024, as the record date for its stock split at a ratio of 1:5. Each existing share, with a face value of Rs. 10, will split into five shares, each valued at Rs. 2. Established in 2005, Manorama Industries specializes in manufacturing specialty fats and butter products.
Ok Play India
Ok Play India has announced a stock split in a ratio of 1:10, with a record date of March 11, 2024. This decision aims to increase liquidity and attract more investors to the company’s shares. Ok Play India, founded in 1990, offers a wide range of products, including toys, school furniture, and playground equipment.
Sunshine Capital
Sunshine Capital will undergo a stock split at a ratio of 1:10, becoming ex-split on March 11, 2024. This move will subdivide the face value of the company’s shares from Rs. 10 to Rs. 1 each. Sunshine Capital, initially focused on equity trading and financial services, has experienced remarkable growth since its inception.
Colab Cloud Platforms
Colab Cloud Platforms has fixed March 13, 2024, as the record date for its stock split, with a ratio of 1:5. This decision will divide each existing share, currently valued at Rs. 10, into five shares, each valued at Rs. 2. Colab Cloud Platforms operates in the business of computer hardware, software processing work, and trading of shares and securities.
United Van Der Horst
United Van Der Horst has revised its record date to March 26, 2024, for a stock split. Each fully and partly paid-up equity share, with a face value of Rs. 10, will be subdivided into two shares, each with a face value of Rs. 5. United Van Der Horst provides reconditioning, re-standardizing, and manufacturing services to various core sectors.
Canara Bank
Canara Bank has proposed a stock split at a ratio of 1:5, subject to approval from the Reserve Bank of India. The board of directors approved this decision on February 26, 2024, but the record date is yet to be determined. Canara Bank, established in July 1906, has been scaling up its market position and offers a wide range of financial services.
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