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.
Here is a list of stocks that have their ex-date for various purposes on Tuesday, December 3:
Wipro: Ex-Bonus date for 1:1 issue
Wipro is trading ex-bonus today after announcing a 1:1 bonus issue, where shareholders will receive one additional share for every share they hold.
The IT major had fixed December 3 as the record date for determining shareholder eligibility for the bonus issue. A 1:1 bonus issue means that a company will issue one additional share for every share that an investor already owns. However, the total value of your investment remains the same, as the stock price is typically adjusted proportionally to account for the increased number of shares in circulation. The IT major has previously issued 6 bonuses since June 25 this year, according to data available on Trendlyne.
Diamond Power Infrastructure: Stock split from Rs 10 to Re 1
Shares of multibagger stock Diamond Power Infrastructure are likely to remain in focus today as the company has executed a stock split, reducing the face value of its shares from Rs 10 to Re 1.
The company had fixed December 3 as the record date for determining shareholder eligibility for the stock split.
According to the data available on Trendlyne, this is the first-ever instance that the company has split its shares.
Shareholders who buy the stock at least one day before the ex-date are eligible for the stock split as settlement happens the next day. Those buying the stock on the ex-date are not eligible for the same.
The shares of Diamond Power Infrastructure have given whopping returns of 1,379.81% in the last one year.
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Indo US Bio-Tech: Rs 0.25 interim dividend
Indo US Bio-Tech is trading ex-dividend today after declaring an interim dividend of Rs 0.25 per share.
The company had fixed December 3 as the record date for determining shareholder eligibility for the interim dividend.
Shareholders who owned the stock before the ex-date will be eligible for the dividend, reflecting the company’s commitment to sharing profits with its investors.
The company last declared an interim dividend in 2021, according to data available on Trendlyne.
In the last year, the stock has seen returns of over 57%.
Gujarat Natural Resources: 3:5 rights issue at Rs 10
Gujarat Natural Resources has announced a rights issue of 3 shares for every 5 shares held, offered at a price of Rs 10 per share.
Rights issues allow existing shareholders to purchase additional shares at a discounted price, providing the company with an opportunity to raise capital.
The company had fixed December 3 as the record date for determining shareholder eligibility for the rights issue.
This is the first-ever instance that the company has announced a rights issue, according to data available on Trendlyne.
In the last year, the stock has added gains of about 49%.
Moongipa Capital Finance: 2:1 rights issue at Rs 25
Moongipa Capital Finance is offering a rights issue of 2 shares for every 1 share held, priced at Rs 25 per share.
Rights issues allow existing shareholders to purchase additional shares at a discounted price, providing the company with an opportunity to raise capital.
The company had fixed December 3 as the record date for determining shareholder eligibility for the rights issue.
This is the first-ever instance that the company has announced a rights issue, according to data available on Trendlyne.
In the last year, the stock has added gains of about 124.49%.
Also read | Wipro, M&M among top 10 stocks for December long portfolio: Nuvama
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