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2 Companies To Announce Bonus And Stock Split
The corporate actions at a company enable investors to make informed decisions and also suggest the company's financial health. This is another fundamental aspect of investing. These are important to the shareholders too as the corporate action may either trigger a stock price decline or can push the price higher.
Now as these corporate actions are important, here are 2 companies slated to consider bonus shares and stock split.
Deep Polymers:
Deep Polymers is a small cap company engaged in n manufacturing of all type of filler masterbatches including filler masterbatches and additive filler masterbatches since 2004. It has witnessed phenomenal growth since its inception. Today the company has product an filler compound masterbatches capacity 25000 MT / Annum . The company's stock last traded at a price of Rs. 758.9 per share, while the stock's 52-week high price is Rs. 802.5 per share.
The company's board is slated to meet on January 15 to consider and approve issue of bonus shares to the existing shareholders of the company. The company has so far not declared any bonus.
On the same day, the company shall raise funds up to an aggregate value, of not exceeding Rs. 50 Crore, subject to receipt of necessary approvals from statutory, regulatory and other authorities, as applicahle hy way of Issue of Equity Shares of the Company to Its eligible shareholders on a rights basis ("Right Issue") in accordance with the applicable provisions of Companies Act, 2013, Securities and Exchange Board of India (ICDR) Regulations 2018 and other applicable laws.
Vardhman Textiles:
The textile company has been a multibagger in the year and is currently trading at Rs. 2514 per share. The company has segments such as yarn, sewing thread, fabric and steel. The company exports their products to more than 25 countries and has a strong presence in markets like the EEC, USA, Canada, China, Japan, Korea, Mexico, Brazil Mauritius and Middle East.
The Board of Vardhman Textiles will meet on 22 January 2022 to consider and approve the proposal of split/ sub-division of equity shares of Rs. 10/- each of the Company, in such manner as the Board may determine, , subject to the approval of the shareholders of the Company.
Disclaimer
Markets have once again gained tremendously and there need to be a cautious approach at the current juncture. The above story is for knowledge only and not to recommend a buy or sell in these scrips.
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