Buyback is a corporate action in which a company buys back its shares from the existing shareholders for several reasons. There are different methods…

Buyback is a corporate action in which a company buys back its shares from the existing shareholders for several reasons. There are different methods of buyback among which Open Market Buyback is one.

In an open market buyback, the company purchases its shares directly from the market and there won’t be any tender process. Any equity shareholder of the company can participate in the buyback offer during the buyback window.

Here are the open market buybacks of November 2022:

CompanyStart dateEnd date
Windlas Biotech Limited21-11-202220-05-2023
Balrampur Chini Mills Limited16-11-202215-05-2023
Kaveri Seed Company Limited07-11-202206-03-2023
International Conveyors Limited03-11-202203-03-2023
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 i…

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.

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 a recent BSE circular, 

  • 1 equity share of Easy Trip Planners Ltd. (Scrip Code: 543272) of Face Value of Rs. 2 will be sub-divided into 2 equity shares of Face value of Rs. 1 each.
  • A bonus of 3 equity shares of Face value of Rs. 1 each will be issued for every 1 equity share of Face value of Rs. 1 held. 
  • The key dates for the same are as follows:

    Company NameSymbolRecord DateEx-bonus Basis From Date
    Easy Trip Planners Ltd.EASEMYTRIP          22-Nov21-Nov

    Refer: BSE circular

    As per a recent circular, the name and symbol of JTL Infra Ltd. (Scrip code: 534600) will be changed as follows w.e.f 21-Nov-22. Existing Symbol…

    As per a recent circular, the name and symbol of JTL Infra Ltd. (Scrip code: 534600) will be changed as follows w.e.f 21-Nov-22.

    Existing Symbol New Symbol Existing Name the of CompanyNew Name of the  Company
    JTLINFRAJTLINDJTL Infra Ltd.JTL Industries Ltd.

    Refer: BSE Circular

    As per a circular, MindTree Ltd has announced the allotment of 73 fully paid-up equity shares of Re 1 each of L&T Infotech for every 100 fully pa…

    As per a circular, MindTree Ltd has announced the allotment of 73 fully paid-up equity shares of Re 1 each of L&T Infotech for every 100 fully paid-up equity shares of Rs 10 each of MindTree Ltd, due to the scheme of amalgamation of MindTree with L&T Infotech Ltd.

    All existing contracts in the underlying MINDTREE, expiring on or after 22 November 2022, i.e. contracts expiring in the month of November-2022, December-2022, and January-2023, shall expire on 22 November 2022.

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

  • Maintain 50% of the contract value on or before 22-Nov-22 to avoid RMS square-off and/or margin shortfall penalty.
  • Square-off any existing open positions by 22-Nov-22 to avoid physical settlement and/or margin shortfall penalty.
  • The list of option strikes from which specific strike prices would be made available for these contracts will be communicated via a separate circular to be issued on 22-Nov-22 post-market hours.

    Refer: NSE Circular 1, NSE Circular 2, BSE Circular 1, BSE Circular 2

    As per a recent circular, the name and symbol of Acrysil Ltd. (Scrip code: 524091) will be changed as follows w.e.f 18-Nov-22. Existing Symbol&n…

    As per a recent circular, the name and symbol of Acrysil Ltd. (Scrip code: 524091) will be changed as follows w.e.f 18-Nov-22.

    Existing Symbol New Symbol Existing Name the of CompanyNew Name of the  Company
    ACRYSILCARYSILAcrysil Ltd.Carysil Ltd.

    Refer: BSE Circular

    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 sh…

    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, Motherson Sumi Wiring India Ltd. (Scrip Code: 543498) is issuing 2 bonus shares for every 5 existing shares. The key dates for the Bonus Issue are as follows:

    Company NameSymbolRecord dateEx-Bonus basis from Date 
    Motherson Sumi Wiring India Ltd.MSUMI17-Nov16-Nov

    Refer: BSE circular

    As per a recent circular, the name and symbol of Vegetable Products Ltd. (Scrip code: 539132) will be changed as follows w.e.f 16-Nov-22. Existi…

    As per a recent circular, the name and symbol of Vegetable Products Ltd. (Scrip code: 539132) will be changed as follows w.e.f 16-Nov-22.

    Existing Symbol New Symbol Existing Name the of CompanyNew Name of the  Company
    VEGETABLEWARDWIZFBLVegetable Products Ltd.Wardwizard Foods and Beverages Ltd.

    Refer: BSE Circular

    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 i…

    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 circular, 1 equity share of Pressure Sensitive Systems (India)  Ltd. (Scrip Code: 526773) will be sub-divided into 10 equity shares. The key dates for the same are as follows:

    Company NameSymbolSub-division RatioRecord DateEx-split Date
    Pressure Sensitive Systems (India) Ltd.PRESSURS1:1016-Nov16-Nov

    Refer: BSE circular

    Keystone Realtors Ltd. (Rustomjee) is one of the prominent real estate developers (in terms of absorption in number of units) in the micro markets. A…

    Keystone Realtors Ltd. (Rustomjee) is one of the prominent real estate developers (in terms of absorption in number of units) in the micro markets. As of June 2022, they had 32 Completed Projects, 12 Ongoing Projects and 21 Forthcoming Projects across the Mumbai Metropolitan Region that includes a comprehensive range of projects under the affordable, mid and mass, aspirational, premium and super premium categories.

    Read more about Keystone Realtors Ltd IPO

    The below table has important dates with respect to the IPO allotment and listing.

    Finalization of Basis of Allotment21-Nov-22
    Initiation of Refunds22-Nov-22
    Credit of Shares to Demat Acct23-Nov-22
    IPO Shares Listing Date24-Nov-22
    UPI mandate expiry date25-Nov-22

    How to Check Allotment Status

    In case you have not been allotted for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

    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 i…

    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 circular, 1 equity share of Arfin India Ltd. (Scrip Code: 539151) will be sub-divided into 10 equity shares. The key dates for the same are as follows:

    Company NameSymbolSub-division RatioRecord DateEx-split Date
    Arfin India Ltd.ARFIN1:1014-Nov14-Nov

    Refer: BSE circular