Bonus Share News: We present to you a list of stocks that are scheduled to trade ex-date during the first week of January, as we approach the final trading day of 2023. According to the NSE website, four stocks in total—Allcargo Logistics, Akshar Spintex, Nestle India, and Pearl Global Industries—will trade ex-date next week.
Bonus Shares Announcement by Allcargo Logistics
The logistics company announced that the record date for bonus shares issued in a 3:1 ratio would be January 2, 2024. According to the 3:1 bonus issue, current shareholders will receive three bonus or free shares for each share they currently own. The record date is the deadline for identifying current shareholders who qualify for the previously announced corporate action. Ex-date: January 2, 2024
Akshar Spintex’s Interim Dividend Declaration
An interim dividend of Re 0.01 per equity share with a face value of Re 1 was announced by Akshar Spintex. The date of record for the interim dividend payment has been set at January 4, 2023. Thirty days after the date of declaration, the aforementioned interim dividend will be distributed. Ex-date: January 4, 2024
Nestle India’s Equity Share Subdivision
For the purpose of subdividing, Nestle India set Friday, January 5, 2024, as the record date for figuring out equity shareholders’ entitlements. The FMCG giant declared that the company’s current equity shares will be split, with each equity share having a face value of Rs. 10 and being fully paid up being divided into 10 equity shares with a face value of Re. 1. Ex-date: January 5, 2024
Pearl Global Industries’ Share Split Announcement
The face value of Pearl Global Industries’ shares will be divided from Rs. 10 to Rs. 5. The set record date of January 5, 2024, will also mark the ex-split date of the share.
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