IDFC Limited (IDFC) - Corporate Action
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 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 |
|
Shikhar Leasing and Trading Ltd. |
507952 |
04-Oct-24 |
04-Oct-24 |
3:1 |
|
Classic Electricals Ltd. |
512213 |
04-Oct-24 |
04-Oct-24 |
5:1 |
|
Grovy India Ltd |
539522 |
23-Oct-24 |
23-Oct-24 |
3:1 |
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 |
|
Integrated Industries Ltd. |
531889 |
1:10 |
01-Oct-24 |
01-Oct-24 |
|
Godawari Power & Ispat Ltd. |
GPIL |
1:5 |
04-Oct-24 |
04-Oct-24 |
|
POCL Enterprises Ltd |
539195 |
1:5 |
25-Oct-24 |
25-Oct-24 |
|
Humming Bird Education Ltd |
542592 |
1:10 |
18-Oct-24 |
18-Oct-24 |
|
Sacheta Metals Ltd. |
531869 |
1:5 |
19-Oct-24 |
18-Oct-24 |
|
Dr. Reddy’s Laboratories Ltd |
DRREDDY |
5:1 |
28-Oct-24 |
28-Oct-24 |
|
Master Trust Ltd. |
511768 |
5:1 |
30-Oct-24 |
30-Oct-24 |
|
Sukhjit Starch & Chemicals Ltd. |
SUKHJITS |
2:1 |
25-Oct-24 |
25-Oct-24 |
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 |
|
543225 |
543225 |
18-Oct-24 |
Data Infrastructure Trust |
Altius Telecom Infrastructure Trust |
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 |
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 |
|
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. |
Suspension of Trading in Shares
Name of the Company |
Symbol |
Reason for Suspension |
Circular |
Jubilant Industries Limited |
JUBLINDS |
Scheme of Amalgamation |
|
TV18 Broadcast Limited |
TV18BRDCST |
Scheme of Amalgamation |
|
Sumeet Industries Ltd |
SUMEETINDS |
Reduction of Equity Share Capital |
[01-Oct-24] Quantity Freeze Limits for Indices
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 (OFS) - ASK AUTOMOTIVE LTD
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 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 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 us at 18001020.
Scrip Name |
Category |
Time Window |
Floor Price |
Clearing Price |
Non-Retail |
12-Sep, 09:15 am - 03:30 pm |
Rs. 1635 |
NA |
|
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 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 (OFS) - NARMADA GELATINES LIMITED
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 (OFS) - GENERAL INSURANCE CORPORATION OF INDIA
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 |