Corporate action is when a publicly listed corporation makes substantial changes that affect its shareholders and financial structure. Actions that impact a company’s securities include dividends, stock splits, mergers, acquisitions, rights issues, and other related events. Shareholders may experience changes in ownership, stock value, or entitlements following corporate activities.
A stock split is a business move in which a firm divides its shares into multiples. The split does not affect the company’s total market value, but increases the number of outstanding shares, lowering the price per share. The goal is to make the stock more cheap for investors.
Here are the stocks that coming with a stock split this month:
1. TT LTD
TT Limited products include agro commodities, yarn, cotton, fabrics, garments, food products, PPE kits, and home textiles. Its poultry and cattle feed products include soybean meal, de-oiled rice bran, cotton seed meal, groundnut meal, castor meal, safflower meal, rapeseed meal, and barley.
With a market capitalization of Rs 353 crore, the shares closed at Rs 157 per share, increased around 2.01 percent as compared to the previous closing price.
The company has set, Wednesday, February 12, 2025, as the “Record Date” for determining entitlement of Equity Shareholders for sub-division/split of existing equity shares of the company, such that 1 equity share having a face value of Rs. 10 each, fully paid up, will be sub-divided into 10 equity shares having a face value of Re. 1 each, fully paid up.
2. Ascensive Educare Ltd
Ascensive Educare Limited provides education and skill development. The Company is engaged in the business of training and skill development, offering vocational training, and educational consulting in collaboration with the central government, etc
With a market capitalization of Rs 44.1 crore, the shares closed at Rs 108 per share, decreased around 1.28 percent as compared to the previous closing price.
The company has set, Friday, February 14, 2025, as the “Record Date” for determining entitlement of Equity Shareholders for sub-division/split of existing equity shares of the company, such that 1 equity share having a face value of Rs. 10 each, fully paid up, will be sub-divided into 10 equity shares having a face value of Re. 1 each, fully paid up.
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3. Capital India Finance Ltd
Capital India Finance Limited is engaged in the business of foreign exchange services. It operates through two segments: lending business and forex services. The lending business includes providing finance to small and medium enterprises, retail customers, and real estate.
With a market capitalization of Rs 1,396 crore, the shares closed at Rs 179 per share, increased around 0.17 percent as compared to the previous closing price.
The company has set Friday, February 17, 2024, as the “Record Date” for determining entitlement of Equity Shareholders for sub-division/split of existing equity shares of the company, such that 1 equity share having a face value of Rs. 10 each, fully paid up, will be sub-divided into 5 equity shares having a face value of Rs. 2 each, fully paid up.
4. Conart Engineers Ltd
Conart Engineers Limited is an India-based company that is primarily engaged in providing civil construction services. The Company is engaged in providing a range of general contracting and project management services for industrial, commercial, and residential construction projects.
With a market capitalization of Rs 89.5 crore, the shares closed at Rs 285 per share, increased around 0.89 percent as compared to the previous closing price.
The company has set Tuesday, February 17, 2024, as the “Record Date” for determining entitlement of Equity Shareholders for sub-division/split of existing equity shares of the company, such that 1 equity share having a face value of Rs. 10 each, fully paid up, will be sub-divided into 2 equity shares having a face value of Re. 5 each, fully paid up.
Written by Abhishek Singh
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Corporate action is when a publicly listed corporation makes substantial changes that affect its shareholders and financial structure. Actions that impact a company’s securities include dividends, stock splits, mergers, acquisitions, rights issues, and other related events. Shareholders may experience changes in ownership, stock value, or entitlements following corporate activities. A stock split is a business
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