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Stock Splits & Buybacks: Corporate Actions Ahead!
7 Dec
Summary
- Several companies are executing corporate actions like stock splits and buybacks.
- Nureca's buyback offers a 20% premium over the previous day's closing price.
- Record dates for these actions range from December 8 to December 12.
Upcoming corporate actions will impact several publicly traded companies, including stock splits and buybacks. Nureca has initiated a share buyback program, offering to repurchase shares at ₹330 each, a substantial 20% premium above its recent closing price. This move follows an significant decline in its stock value from its peak.
Mrs. Bectors Foods is set to implement an equity share split, dividing each existing ₹10 share into five smaller shares valued at ₹2 each. Additionally, other companies have scheduled corporate actions such as bonus share issuances and rights issues, with their respective record dates falling between December 8 and December 12.
Shareholders should note the specific record dates to be eligible for these corporate actions. For instance, the rights issue record date is December 8, while Friday, December 12, is the record date for multiple actions including bonus issues and stock splits for other entities. Trading will adjust to reflect these corporate events starting on their respective ex-dates.
