Suspension of trading in securities of 6 Companies
Trading in securities of the undermentioned companies will be suspended w.e.f Jun 28, 2022 on account of non-compliance with SEBI Regulations.
Name of Company | Scrip Code |
Asian Hotels (West) Ltd. | 533221 |
Globus Corporation Ltd. | 531904 |
JMT Auto Ltd. | 513691 |
Mideast Integrated Steels Ltd. | 540744 |
Nova Iron & Steel Ltd. | 513566 |
Trade Wings Ltd. | 509953 |
Refer: BSE Circular
Sub-division of equity shares of Salasar Techno Engineering Ltd.
Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.
As per a recent BSE circular, 1 equity share of Salasar Techno Engineering Ltd. (Scrip Code: 540642) will be sub-divided into 10 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division ratio | Record date | Ex-split date |
Salasar Techno Engineering Ltd. | SALASAR | 1:10 | 28-Jun | 27-Jun |
Refer: BSE circular
INDOSOLAR to stop trading
As per a recent circular of NSE, the following security will be suspended from trading w.e.f. June 27, 2022.
Name of Company | Symbol | Reason for Suspension |
Indosolar Ltd. | INDOSOLAR | Capital Reduction pursuant to NCLT order |
Refer: NSE Circular
Bonus issue of NAZARA
Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.
As per the recent BSE circular, Nazara Technologies Ltd. (Scrip Code: 543280) is issuing 1 bonus share for every 1 existing share. The key dates for the Bonus Issue are as follows:
Company name | Symbol | Record date | Ex-bonus basis from date |
Nazara Technologies Ltd | NAZARA | 27-Jun | 24-Jun |
Refer: BSE circular
Buybacks, Takeovers and Delisting - June 2022
Here's the list of the latest Buybacks, Takeovers and De-listing. The Offer Period and Price are mentioned along with them. To participate in any of these:
- Write to us at [email protected] or
- Call us on 080-47480048
Scrip Name | BSE/NSE Circular | Sub Type | Start Date | End Date | Floor Price |
ZYDUSLIFE | NSE Circular | Buyback | 23-06-22 | 06-07-22 | Rs. 650 |
Reliance Jute Mills (International) Limited | BSE Circular | Takeover | 22-06-22 | 05-07-22 | Rs. 7.50 |
ASAHISONG | BSE Circular | Buyback | 22-06-22 | 05-07-22 | Rs. 400 |
GFIL | BSE Circular | Takeover | 30-06-22 | 13-07-22 | Rs. 12.70 |
HEXATRADEX | NSE Circular | Delisting | 21-06-22 | 27-06-22 | Rs. 153.16 |
MERCTRD | BSE Circular | Takeover | 23-06-22 | 06-07-22 | Rs. 19 |
AKASHDEEP | BSE Circular | Takeover | 22-06-22 | 05-07-22 | Rs. 52.50 |
JRELTD | BSE Circular | Takeover | 17-06-22 | 30-06-22 | Rs. 8.15 |
EUREKAFORBE | BSE Circular | Takeover | 14-06-22 | 27-06-22 | Rs. 210.15 |
IPOWER | BSE Circular | Takeover | 10-06-22 | 23-06-22 | Rs. 10.10 |
JSGLEASING | BSE Circular | Takeover | 08-06-22 | 21-06-22 | Rs. 22 |
GISOLUTION | BSE Circular | Takeover | 07-06-22 | 20-06-22 | Rs. 5.15 |
AMRAFIN | BSE Circular | Takeover | 07-06-22 | 20-06-22 | Rs. 22.20 |
MUDUNURU | BSE Circular | Takeover | 07-06-22 | 20-06-22 | Rs. 2 |
INFRONICS | BSE Circular | Takeover | 07-06-22 | 20-06-22 | Rs. 5 |
SUPRBPA | BSE Circular | Takeover | 07-06-22 | 20-06-22 | Rs. 31.80 |
RISHYRN | BSE Circular | Takeover | 06-06-22 | 17-06-22 | Rs. 5.85 |
MIRCH | BSE Circular | Takeover | 06-06-22 | 17-06-22 | Rs. 10 |
AKC Steel Ind Ltd. | BSE Circular | Buyback | 02-06-22 | 15-06-22 | Rs. 30 |
ZLEENCON | BSE Circular | Takeover | 07-06-22 | 20-06-22 | Rs. 10 |
MACINTR | BSE Circular | Takeover | 06-06-22 | 17-06-22 | Rs. 10 |
SINCLAIR | BSE Circular | Buyback | 03-06-22 | 16-06-22 | Rs. 143 |
EVEREADY | BSE Circular | Takeover | 03-06-22 | 16-06-22 | Rs. 320 |
ESCORTSFIN | BSE Circular | Takeover | 06-06-22 | 17-06-22 | Rs. 5.08 |
VISCO | BSE Circular | Takeover | 06-06-22 | 17-06-22 | Rs. 37.50 |
INDIAMART | NSE Circular | Buyback | 02-06-22 | 15-06-22 | Rs. 6250 |
SARDAEN | NSE Circular | Buyback | 02-06-22 | 15-06-22 | Rs. 1500 |
CHITRTX | BSE Circular | Takeover | 03-06-22 | 16-06-22 | Rs. 15 |
T+1 Settlement: June Update
As you all know, from Feb-22, NSE & BSE introduced the T+1 settlement cycle in the Cash Segment in a phased manner as per the SEBI guidelines.
w.e.f 24-Jun- 22,
- 74 more securities (total of 161) of NSE will be added to the T+1 settlement
- 452 more securities (total of 1804) of BSE will be added to the T+1 settlement
Important points for stocks under T+1 settlement in the Cash segment:
- The stocks traded will be settled on T+1 day.
- The MTF (Margin Trading Facility) Pledge Request must be authorized by 9:00 PM on T day for MTF funding.
- Auction settlement (if any) will happen on T+2 day.
To know more about the T+1 settlement cycle, refer
Joint Press Release| BSE Circular | Overview of T+1settlement
Sub-division of equity shares of Navkar Urbanstructure Ltd.
Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.
As per a recent BSE circular, 1 equity share of Navkar Urbanstructure Ltd. ( Scrip Code: 531494) will be sub-divided into 5 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division ratio | Record date | Ex-split date |
Navkar Urbanstructure Ltd. | NAVKAR | 1:5 | 24-Jun | 23-Jun |
Refer: BSE circular
Bonus Issue of AJANTPHARM
Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.
As per the recent BSE circular, Ajanta Pharma.Ltd. (Scrip Code: 532331) is issuing 1 bonus share for every 2 existing shares. The important dates for the Bonus Issue are as follows:
Company Name (Scrip code) | Symbol | Record date | Ex-Bonus basis from Date |
Ajanta Pharma Ltd. (532331) | AJANTPHARM | 23-Jun | 22-Jun |
Refer: BSE circular
Sub-division of equity shares of Ashnisha Industries Ltd.
Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.
As per a recent BSE circular, 1 equity share of Ashnisha Industries Ltd. ( Scrip Code: 541702) will be sub-divided into 10 equity shares. The key dates for the same are as follows:
Company name | Symbol | Sub-division ratio | Record date |
Ashnisha Industries Ltd. | ASHNI | 1:10 | 23-Jun |
Ashnisha Industries Ltd. comes under T+1 settlement.
Refer: BSE circular
w.e.f 20-Jun: New Identity for SHIL
The company is a leader in building products and one of the fastest growing players in the Indian consumer appliances segment. The company is focused on servicing consumers and is involved in manufacturing, branding, marketing, sales & distribution, and service of various product categories.
As per a recent circular, the name and symbol of SHIL will be changed as follows w.e.f 21-Jun-22.
Existing Symbol (Scrip Code) | New Symbol | Existing Name the of Company | New Name of the Company |
SHIL (542905) | HINDWAREAP | Somany Home Innovation Ltd. | Hindware Home Innovation Ltd. |
Refer: BSE Circular