As per NSE’s Circular, due to corporate action (Amalgamation) shares of IDFC Ltd will be suspended from trading w.e.f 10-Oct-2024. Last day of …

As per NSE’s Circular, due to corporate action (Amalgamation) shares of IDFC Ltd will be suspended from trading w.e.f 10-Oct-2024. Last day of trading IDFC Ltd. will be 09-Oct-2024.

Also, with reference to subsequent NSE’s Circular, the IDFC limited security will be excluded from Equity derivative Segment and all the existing contracts of expiry months October 2024, November 2024 and December 2024 will expire on 09-Oct-2024. 

If you have any existing open positions in these contracts, kindly take the below steps:

  • Maintain 100% margin (Full contract value) on or before 09-Oct-2024 to avoid RMS square-off and/or margin shortfall penalty.
  • Square-off any existing open positions by 09-Oct-2024 to avoid physical settlement and/or margin shortfall penalty.

We request you to take appropriate action as per your investments.

Corporate Actions - October 2024

Stay ahead of the curve with our monthly Corporate Actions roundup!  Corporate actions have an impact on your portfolio and thus, staying infor…

Stay ahead of the curve with our monthly Corporate Actions roundup! 

Corporate actions have an impact on your portfolio and thus, staying informed is a key. To help you stay up-to-date, we’ve compiled a list of all the corporate actions happening this month. Whether you are tracking a subdivision that could adjust your shareholdings, a buyback that will boost your stock, or your share of profits in the form of dividends, we’ve got you covered. 

Various types of corporate actions we have covered here are sub-divisions, dividends, bonus issues, buybacks, takeovers, delistings, and name changes. So, dive in, explore the details, and stay ahead in your investment journey. 

Bonus Issue

A bonus Issue is a corporate action in which a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.

Company Name

Symbol/Scrip Code

Record Date

Ex-Bonus basis from Date 

Bonus Issue

Circular

NBCC (India) Limited

NBCC

07-Oct-24

07-Oct-24

1:2

BSE Circular

Shikhar Leasing and Trading Ltd.

507952

04-Oct-24

04-Oct-24

3:1

BSE Circular

Classic Electricals Ltd.

512213

04-Oct-24

04-Oct-24

5:1

BSE Circular

Grovy India Ltd

539522

23-Oct-24

23-Oct-24

3:1

BSE Circular

Subdivision/Stock Split

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.

Company Name

Symbol/Scrip Code

Sub-division Ratio

Record Date

Ex-split Date

Circular

Real Eco-energy Ltd. 

530053

1:5

04-Oct-24

04-Oct-24

BSE Circular

Integrated Industries Ltd.

531889

1:10

01-Oct-24

01-Oct-24

BSE Circular

Godawari Power & Ispat Ltd. 

GPIL

1:5

04-Oct-24

04-Oct-24

BSE Circular

POCL Enterprises Ltd

539195

1:5

25-Oct-24

25-Oct-24

BSE Circular

Humming Bird Education Ltd

542592

1:10

18-Oct-24

18-Oct-24

BSE Circular

Sacheta Metals Ltd.

531869

1:5

19-Oct-24

18-Oct-24

BSE Circular

Dr. Reddy’s Laboratories Ltd

DRREDDY

5:1

28-Oct-24

28-Oct-24

BSE Circular

Master Trust Ltd.

511768

5:1

30-Oct-24

30-Oct-24

BSE Circular

Sukhjit Starch & Chemicals Ltd.

SUKHJITS

2:1

25-Oct-24

25-Oct-24

BSE Circular

Name Change

Existing Symbol 

New Symbol 

Record Date

Existing Name of the Company

New Name of the Company

Circular

LAXMIMACH

LAXMIMACH

10-Oct-24

Lakshmi Machine Works Limited

LMW Limited

BSE Circular

543225

543225

18-Oct-24

Data Infrastructure Trust

Altius Telecom Infrastructure Trust

BSE Circular

Demerger

It is a form of corporate restructuring wherein an entity is segregated into small entities to function individually. 

Name of Company

Symbol

Scrip Code

Record Date

Consideration

Circular

Hercules Hoists Ltd. 

HERCULES

505720

11-Oct-24

1 Equity Share of Re.1/- of INDEF Manufacturing Limited for every 1 Equity Share of Re.1/- of Hercules Hoists Limited

BSE Circular

Amalgamation

A form of corporate restructuring wherein two or more companies merge or unite and work together as one entity. 

Name of Company

Symbol/Scrip Code

Record Date

Consideration

Circular

IDFC Limited

IDFC

10-Oct-24

155 Equity Shares of ₹10/- of IDFC First Bank Limited for every 100 Equity Shares of ₹10/- of IDFC Limited

BSE Circular

TV18 Broadcast Ltd

TV18BRDCST

16-Oct-24

100 Equity Shares of ₹5/- of Network 18 Media Investments Limited for every 172 Equity Shares of ₹2/- of TV18 Broadcast Ltd.

BSE Circular



Suspension of Trading in Shares

Name of the Company

Symbol

Reason for Suspension

Circular

Jubilant Industries Limited

JUBLINDS

Scheme of Amalgamation

NSE Circular

TV18 Broadcast Limited

TV18BRDCST

Scheme of Amalgamation

NSE Circular

Sumeet Industries Ltd

SUMEETINDS

Reduction of Equity Share Capital

BSE Circular



As per a recent NSE Circular, the Quantity Freeze Limit and market lots for different indices have been revised w.e.f 01-Oct-24. Below are the Quant…

As per a recent NSE Circular, the Quantity Freeze Limit and market lots for different indices have been revised w.e.f 01-Oct-24.

Below are the Quantity Freeze Limits and Maximum Lots per Order applicable for the mentioned indices.




No.




Indices

Quantity Freeze Limit (Maximum units you can buy or sell per order)

Maximum lots per Order 

(Quantity Freeze Limit/Lot Size*)

1.

BANKNIFTY

900

60

2.

NIFTY

1800

72

3.

FINNIFTY

1800

72

4.

MIDCPNIFTY

2800

56

5.

NIFTYNXT50

600

60

*Lot Size refers to Units per Lot. This is defined by the Exchange and is currently as follows:

BANKNIFTY= 15; NIFTY=25; FINNIFTY=25 ; MIDCPNIFTY=50; NIFTYNXT50=10

Refer: NSE Circular

Offer for Sale of the below company is open in NSE/BSE. To place your OFS request: Contact your sub-broker In case you don't have a sub-broker, c…

Offer for Sale of the below company is open in NSE/BSE. To place your OFS request:

  • Contact your sub-broker
  • In case you don't have a sub-broker, call us at 18001020.

Scrip Name

Category

Time Window

Floor Price

Clearing Price

ASKAUTOLTD

Non-Retail

26-Sep, 09:15 am - 03:30 pm

Rs. 433

NA

ASKAUTOLTD

Non-Retail

26-Sep, 09:15 am - 03:30 pm

NA

Rs. 450

Offer for Sale (OFS) - GE T&D INDIA LTD

Offer for Sale of below company is open in BSE/NSE. To place your OFS request: Contact your sub-broker In case you don't have a sub-broker, call …

Offer for Sale of below company is open in BSE/NSE. To place your OFS request:

  • Contact your sub-broker
  • In case you don't have a sub-broker, call us at 18001020.

Scrip Name

Category

Time Window

Floor Price

Clearing Price

GET&D

Non-Retail

19-Sep, 09:15 am - 03:30 pm

Rs. 1400

NA



Settlement Holiday on 18-Sep-2024

18-Sep-2024 is a Settlement Holiday due to Eid-e-Milad. The Currency Segment will be closed for trading on this day. However, other segments are open…

18-Sep-2024 is a Settlement Holiday due to Eid-e-Milad. The Currency Segment will be closed for trading on this day. However, other segments are open for Trading.

What this means for you:

You can place your Trades as usual, except the stock purchased on 17-Sep-2024 will not be allowed to be sold on 18-Sep-2024. The settlement of funds/securities will be processed as detailed in the table below:

Segment

Trade placed on

Date of Settlement

Equity

17-Sep-2024 and 18-Sep-2024

19-Sep-2024

Derivatives (F&O)

17-Sep-2024 and 18-Sep-2024

19-Sep-2024

Note: Stock purchased on 17-Sep-2024 will not be allowed to be sold on 18-Sep-2024. This change is only for double payin/payout of stock due to the settlement holiday on 18-Sep-2024, and is not a regular change.

Your credit balance for 18-Sep will not include the following:

Segment

Account Balance Exclusions

Equity

Intraday Profits made on 17-Sep-2024 and 18-Sep-2024.

Derivatives (Equity F&O, Currency & Commodity)

Credits made from trades done on 17-Sep-2024 and 18-Sep-2024.

Just so you know: Settlement holidays refer to days when markets (except the Currency segment) are open for trading but when Depositories and/or Banks are closed. Due to this, all trades done during that day will be settled on the next settlement cycle, as per the respective segments.

Offer for Sale (OFS) - ROUTE MOBILE LTD

Offer for Sale of the below company is open in BSE. To place your OFS request: Contact your sub-broker In case you don't have a sub-broker, call …

Offer for Sale of the below company is open in BSE. To place your OFS request:

  • Contact your sub-broker
  • In case you don't have a sub-broker, call us at 18001020.

Scrip Name

Category

Time Window

Floor Price

Clearing Price

ROUTE

Non-Retail

12-Sep, 09:15 am - 03:30 pm

Rs. 1635

NA

ROUTE

Non-Retail

12-Sep, 09:15 am - 03:30 pm

NA

Rs. 1653

Settlement Holiday on 16-Sep-2024

16-Sep-2024 is a Settlement Holiday due to Eid-e-Milad. The Currency Segment will be closed on this day for trading. However, other segments are open…

16-Sep-2024 is a Settlement Holiday due to Eid-e-Milad. The Currency Segment will be closed on this day for trading. However, other segments are open for Trading.

What this means for you:

You can place your Trades as usual, except the stock purchased on 13-Sep-2024 will not be allowed to be sold on 16-Sep-2024. The settlement of funds/securities will be processed as detailed in the table below:

Segment

Trade placed on

Date of Settlement

Equity

13-Sep-2024 and 16-Sep-2024

17-Sep-2024

Derivatives (F&O)

13-Sep-2024 and 16-Sep-2024

17-Sep-2024

Note: Stock purchased on 13-Sep-2024 will not be allowed to be sold on 16-Sep-2024. This change is only for double payin/payout of stock due to the settlement holiday on 16-Sep-2024, and is not a regular change.

Your credit balance for 16-Sep will not include the following:

Segment

Account Balance Exclusions

Equity

Intraday Profits made on 13-Sep-2024 and 16-Sep-2024.

Derivatives (Equity F&O, Currency & Commodity)

Credits made from trades done on 13-Sep-2024 and 16-Sep-2024.

Just so you know: Settlement holidays refer to days when markets (except the Currency segment) are open for trading but when Depositories and/or Banks are closed. Due to this, all trades done during that day will be settled on the next settlement cycle, as per the respective segments.

Offer for Sale of below company is open in BSE. To place your OFS request: Contact your sub-broker In case you don't have a sub-broker, call us a…

Offer for Sale of below company is open in BSE. To place your OFS request:

  • Contact your sub-broker
  • In case you don't have a sub-broker, call us at 18001020.

Scrip Name

Category

Time Window

Floor Price

Clearing Price

SHAWGELTIN

Non-Retail

05-Sep, 10:00 am - 03:30 pm

Rs. 400

NA




Offer for Sale of below company is open in BSE/NSE. To place your OFS request: Contact your sub-broker In case you don't have a sub-broker, call …

Offer for Sale of below company is open in BSE/NSE. To place your OFS request:

  • Contact your sub-broker
  • In case you don't have a sub-broker, call us at 18001020.

Scrip Name

Category

Time Window

Floor Price

Clearing Price

GICRE

Non-Retail

04-Sep, 10:00 am - 03:15 pm

Rs. 395

NA

GICRE

Retail

05-Sep, 10:00 am - 03:15 pm

NA

Rs. 395