Some companies listed in the stock market may announce stock splits or bonus shares in the next few weeks. At present, 3 companies have sent information to the stock exchanges, in their upcoming board meeting, they are going to discuss the issue of stock bonus or stock split. These companies include IPCA Laboratories, Hinduja Global Solutions and SBC Exports.
1. IPCA Laboratories
The Mumbai-headquartered Indian multinational pharmaceutical company has not announced any bonus shares yet. However, the company’s board has approved the stock split in the ratio of 1:1 and has fixed the record date as January 11, 2022.
IPCA Labs informed about the stock split in the latest filing sent to BSE. “This is to inform you that the Board of Directors of the Company in its meeting held today has decided to fix Tuesday, January 11, 2022, as the ‘Record Date’ for the split of shares,” the company said. Under this, shares of face value of Rs 2 will be broken into 2 shares of face value of Rs 1.
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2. Hinduja Global Solutions
This IT company has not yet announced a stock split. However, it told stock exchanges that it would consider possible bonus shares and announcement of interim dividend at its upcoming board meeting.
Hinduja Global is an IT Service Management Company. “It is informed that the meeting of the Board of Directors of Hinduja Global Solutions Limited will be held on Thursday, 6th January, 2022. In this meeting, the interim dividend for the financial year 2021-22 will be discussed,” the company said in a communication to the stock exchanges. Will be considered, if anything like this happens. Also the proposal for issue of bonus shares will also be considered.”
3. SBC Exports
The Ghaziabad-headquartered company told stock exchanges that its meeting is scheduled to be held on January 7, 2022, in which the issue of bonus shares and stock split will be considered.
In a notice sent to the stock exchanges, the company said, “We would like to inform you that a meeting of the Board of Directors of the company is scheduled to be held on Friday, January 7, 2022 at 4.00 pm. There are 5 proposals to be discussed. Increase in the Authorized Share Capital of the Company and amend the Memorandum of Association therefor 2. Change in the Articles of Association of the Company for issue of Bonus Shares 3. Recommend and approve the issue of Bonus Shares to the Equity Shareholders of the Company. 4. To consider a split of the equity shares of the Company; and 5. To discuss any other matters connected with the business with the permission of the Chairman.”
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