Nestle India, Pearl Global Industries to trade ex-split, Akshar Spintex to trade ex-dividend next week

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Indian Link Chain Manufactures Ltd will undergo a stock split from ₹100 to ₹10. Shares will trade ex-split on January 3. Nestle India will undergo a stock split from ₹10 to ₹1.

Shares will trade ex-split on January 5. Pearl Global Industries Limited will undergo a stock split from ₹10 to ₹5. Shares will trade ex-split on January 5.

A stock split is a corporate action and happens when a company increases the number of its shares to boost the liquidity. The company issues additional shares to shareholders, increasing the total by the specified ratio based on the shares they held previously. The most common split ratios are 2-for-1 or 3-for-1 (sometimes denoted as 2:1 or 3:1).

This means for every share held before the split, each stockholder will have two or three shares, respectively, after the split.
Akshar Spintex Ltd: The company declared an interim dividend of ₹0.01. Shares will trade ex-dividend on January 4.

Allcargo Logistics Ltd declared a bonus issue in the ratio 3:1. Shares will trade ex-bonus on January 2. M Lakhamsi Industries Ltd declared a bonus issue in the ratio 1:50.

Shares will trade ex-bonus on January 5. A bonus issue is a corporate action which is an offer given to the existing shareholders of the company to subscribe for additional shares. Instead of increasing the dividend payout, the companies offer to distribute additional shares to the shareholders.

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