These seven companies are – Shubham Polyspin, Alphalogic Techsys, Eclerx Services, IFL Enterprises, Choice International, Ruby Mills and JMD Ventures.
check list
Shubham Polyspin
Shubham Polyspin is a highly experienced manufacturer of Polypropylene products like PP Yarn, Narrow Fabric etc.
The company has fixed September 22 as the record date for this. bonus issue in the ratio of 1:10. This means that eligible shareholders will get one bonus share whose face value will be 10 each for the existing ten equity shares 10 fully paid up.
It will become ex-bonus on September 21.
Feather BSEstood on the shares of the company 118.35 each lost 4.98% on Friday.
alphalogic techsis
Pune-based Alphalogic is involved in software and consulting with clients spread across 30 countries. The company has expertise in Ruby on Rails, Java, Swift and Objective-C, AngularJS, HTML5 and more.
Shares closed on Friday by 64.60 up 4.96% on BSE.
The company has announced a bonus issue in the ratio of 1:2. Eligible shareholders will get one bonus share in lieu of two existing equity shares. September 21 has been set as the record date for determining eligible shareholders for the bonus shares.
Due to which the shares will become ex-bonus on September 21.
eclerx services
eClerx provides business process management, automation and analysis services to a number of Fortune 2000 enterprises, including some of the world’s leading financial services, communications, retail, fashion, media and entertainment, manufacturing, travel and leisure, and technology companies.
To determine the ratio of 1:2 to eligible shareholders for the bonus issue, the company set September 22 as the record date.
eClerx will offer one bonus share for every existing 2 equity shares of face value 10 each.
Shares of the company closed on BSE below 2,243.70 83.30 or 3.58%. The market cap of the company is 7,589.64 crores.
The company’s shares will become ex-bonus on September 21.
IFL Enterprises
The company is involved in acquisition, trading of shares, stocks, bonds etc. It also does business of all kinds of clothing and other similar products.
IFL shares closed on BSE 164.85 each in Friday’s flat as compared to the previous close.
The company will issue bonus shares in the ratio of 1:1, which means for every existing 1 equity share, one bonus equity share of face value is 10 each.
The company has fixed September 21 as the record date for the bonus issue.
Like the shares mentioned above, the shares of IFL will also become ex-bonus on September 21.
Choice International
Choice International is one of India’s leading financial services, catering to the needs of not only India but the entire world.
Shares of the company closed on BSE On Friday, 461.05 each recorded a fall of 1.98 per cent.
The company will determine the eligible shareholders for the bonus issue in the ratio of 1:1 as on the record date of September 23.
Eligible shareholders will receive one bonus equity share for every existing equity share of face value 10 each.
Prior to the record date, Choice Int’s shares will convert to ex-bonus on September 22.
ruby mills
The company is the leading and manufacturer of pure and blended garments. Its product range of premium quality fabrics includes cotton, polyester and viscose.
It has fixed September 25 as the record date for determining the eligible shareholders for the bonus issue in the ratio of 1:1.
Shareholders whose names appear in the register of the company shall receive one bonus equity share for each existing one equity share, the face value of which shall be 5 each.
Since September 25 is the weekend, Ruby Mills shares will go ex-bonus on September 23.
Shares of Ruby Mills closed on BSE On Friday, 672.80 each fell 1.72%.
JMD Ventures
JMD is an Indian business conglomerate with revenues of over INR 2 billion and a diversified business portfolio across various industries such as entertainment, digital, ecommerce, education, distribution, retail, investment, infrastructure, media, business and services sectors.
JMD shares closed on BSE On Friday, 14.20 each gained 1.94 per cent.
The company has fixed September 23 as the record date for determining the eligible shareholders for the bonus issue in the ratio of 1:1.
Eligible shareholders will receive 1 new equity share as bonus for every existing 1 equity share.
The shares will become ex-bonus on September 23, before the record date.
bonus share
The ex-bonus is an important date for investors to be eligible for bonus shares. To be eligible for the bonus shares, an investor must purchase the company’s shares at least a day or two before the ex-date. This is due to the T+1 and T+2 settlement cycles.
Companies such as Alphalogic, JMD Ventures and IFL Enterprises will switch to ex-bonus on the same day as the record date due to their settlement cycle being of ‘T+1’ type.
Notably, under the T+1 option, the shares purchased by you will be credited to your demat account within 24 hours. Meanwhile, under the T+2 option, the shares purchased by you will be credited to your demat account after two days.
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