Cochin Shipyard shares to trade ex-split; Grasim Industries, Sharanam Infraproject stocks to trade ex-rights
Cochin Shipyard: The company has declared stock split from ₹10 per equity share to ₹5 per equity share. The record date for the same has been fixed on January 10. In a stock exchange filing, Cochin Shipyard said: “We wish to inform you that, the Company has fixed Wednesday, January 10, 2024 as the Record Date for the purpose of determining the eligibility of shareholders for sub-division/ split of existing 1 (One) Equity Share of face value of Rs.
10/- (Rupees Ten Only) each fully paid up into 2 (Two) Equity Shares of face value of Rs. 5/- (Rupees Five Only) each fully paid up." Shares of Cochin Shipyard will trade ex-split on Wednesday. (Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Grasim Industries: The company has declared a rights issue of equity shares and the record date for the same has been fixed on January 10.
At a board meeting held on October 16, 2023, the company approved the raising of funds by way of issue of equity shares through rights issue, Grasim Industries said in a stock exchange filing. According to the filing, total number of rights equity shares is 2.20 crore and rights issue size is ₹3,999.80 crore. The rights issue price is ₹1,812 per rights equity share when fully paid-up (including a premium of Rs 1,810 per rights equity share).
Shares of Grasim Industries to trade ex-rights on Wednesday. Read here: Grasim Industries announces price for ₹4,000 crore rights issue Sharanam Infraproject and Trading: The company has declared a rights issue of equity shares and the record date for the same has been fixed on January 10. In a stock exchange filing, Sharanam Infraproject said: “Pursuant to
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