Achyut Healthcare and three other companies are in the spotlight today as they implement key corporate actions, including bonus issues, stock splits, dividends, and rights offerings. With today being the record date for these events, investor eligibility and stock movements are likely to see significant changes in the trading session.
The record date is the date set by the company to decide the shareholders who are eligible to receive the offer. To be eligible for a buyback offer, bonus issue or a stock split, the shares should be in the demat account on the record date.
Shareholders who buy the stock at least one day before the ex-date are eligible for dividends as settlement happens the next day. Those buying the stock on the ex-date are not eligible for dividends/splits/bonus issues etc.
Achyut Healthcare is trading ex-bonus today after announcing a 4:10 bonus issue, where shareholders will receive four additional shares for every ten shares they hold.
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