Trading activity across Indian equities is experiencing heightened interest on Friday, August 21, as at least 40 stocks come into sharp focus on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) due to scheduled corporate actions. Out of the total 40 companies, 35 shares are trading on their respective ex-dividend dates. Concurrently, one company has fixed August 21 as the record date for a 2:1 bonus share issue, three firms are determining shareholder eligibility for rights issues, and another company is identifying eligible participants for a multi-crore share buyback program.
Goodluck India Executes 2:1 Bonus Issue
Leading the bonus issue developments, Goodluck India Ltd has designated August 21 as its record date to identify shareholders entitled to receive bonus shares. Under the announced 2:1 bonus ratio, eligible investors will receive 2 additional equity shares of Rs 2 face value each for every 1 existing equity share held in their demat accounts. Investors registered on the company books by the end of August 21 qualify for the distribution.
Three Companies Launch Rights Issues Worth Over Rs 46 Crore
Three distinct companies are processing rights issues on August 21 to raise additional capital: Alan Scott Enterprises, Containe Technologies, and Manoj Jewellers.
Alan Scott Enterprises is issuing 0.0953 crore equity shares valued at Rs 7.15 crore at an issue price of Rs 75 per share. The company has established a rights entitlement ratio of 1:6, offering 1 new share for every 6 existing shares held as of the August 21 record date.
Meanwhile, Containe Technologies is conducting a rights offering of 1,39,88,000 equity shares priced at Rs 15 per share, seeking to aggregate Rs 20.98 crore.
Additionally, Manoj Jewellers is executing a rights issue of 0.8986 crore shares amounting to Rs 17.97 crore at an issue price of Rs 20 per share. Its entitlement ratio is set at 1:1, granting 1 rights share for each existing equity share held on the record date.
Gandhi Special Tubes Sets Rs 78.13 Crore Share Buyback
In share repurchases, Gandhi Special Tubes has finalized August 21 as the record date for its corporate buyback plan totaling Rs 78.13 crore. The company intends to buy back 0.09 crore equity shares at a fixed buyback price of Rs 900 per share. Shareholders holding equity shares on August 21 are eligible to participate in the repurchase process.
35 Stocks Turning Ex-Dividend: Full Breakdown
Approximately 35 companies are turning ex-date on Friday for their respective interim and final dividend distributions. Prominent names in this group include eClerx Services, Jindal Steel, Jindal Stainless, LIC Housing Finance, Patanjali Foods, Zen Technologies, and Hitachi Energy India. The per-share dividend details for each company are detailed below
- AK Capital Services Ltd: Final dividend of Rs 22 per share.
- Alfred Herbert India Ltd: Final dividend of Rs 20 per share.
- Amarjothi Spinning Mills Ltd: Final dividend of Rs 2.20 per share.
- Bhatia Communications & Retail (India) Ltd: Final dividend of Rs 0.0100 per share.
- Deep Industries Ltd: Final dividend of Rs 2.50 per share.
- DMCC Speciality Chemicals Ltd: Final dividend of Rs 2.50 per share.
- eClerx Services Ltd: Final dividend of Rs 1 per share.
- GE Vernova T D India Ltd: Final dividend of Rs 10 per share.
- Jindal Steel Ltd: Final dividend of Rs 2 per share.
- Jindal Stainless Ltd: Final dividend of Rs 3 per share.
- Kalyani Forge Ltd: Final dividend of Rs 4 per share.
- KSE Ltd: Final dividend of Rs 7.50 per share.
- LIC Housing Finance Ltd: Final dividend of Rs 10 per share.
- Mayur Uniquoters Ltd: Final dividend of Rs 6 per share.
- Monarch Networth Capital Ltd: Final dividend of Rs 1 per share.
- Nicco Parks & Resorts Ltd: Interim dividend of Rs 0.25 per share.
- Omax Autos Ltd: Final dividend of Rs 2.50 per share.
- Panchsheel Organics Ltd: Interim dividend of Rs 0.80 per share.
- Patanjali Foods Ltd: Interim dividend of Rs 2.30 per share.
- Patels Airtemp India Ltd: Dividend of Rs 3 per share.
- Hitachi Energy India Ltd: Final dividend of Rs 8 per share.
- QGO Finance Ltd: Interim dividend of Rs 0.15 per share.
- Rajapalayam Mills Ltd: Dividend of Rs 0.50 per share.
- Sahyadri Industries Ltd: Interim dividend of Rs 2.50 per share.
- Seamec Ltd: Final dividend of Rs 2 per share.
- Shradha AI Technologies Ltd: Final dividend of Rs 0.60 per share.
- Savita Oil Technologies Ltd: Final dividend of Rs 5 per share.
- Surya Roshni Ltd: Final dividend of Rs 2.50 per share.
- United Drilling Tools Ltd: Interim dividend of Rs 0.60 per share.
- Upsurge Investment & Finance Ltd: Interim dividend of Rs 0.50 per share.
- Vadilal Industries Ltd: Interim dividend of Rs 17 per share.
- Veljan Denison Ltd: Final dividend of Rs 8.50 per share.
- Vishnu Chemicals Ltd: Final dividend of Rs 0.30 per share.
- ZEN Technologies Ltd: Final dividend of Rs 1 per share.
