Stock splits and bonus shares are corporate actions that view stock price movements to existing shareholders. A bonus issue occurs when shareholders receive more shares in a specified proportion based on their shareholding. A stock split splits a company’s prevailing outstanding shares into a number of shares based on a ratio, without changing the value of each shareholder’s holdings. If you own shares of Bajaj Finserv and AAA Technologies, you should keep an eye on the price movement, which will affect these stocks in the coming week, because of corporate activities such as bonus shares and stock splits.
Bajaj Finserv
The Company has announced that it will issue one bonus equity share with a face value of Re 1 for every fully paid-up equity share of Re. As a result, investors will receive one bonus share for each share held on the record date. The shares will trade ex-bonus on September 13, 2022 and the record date has been fixed as September 14, 2022 based on the data available on NSE. The Board has also approved the proposal for stock split or subdivision of equity shares in the ratio of 1:5. In a filing with regulatory authorities, the firm said its board of directors had discussed and authorized the sub-division of each existing equity share of face value of Rs. 5/- in 5 equity shares of face value of Rs. 1/- Fully paid. In order to determine the eligibility of shareholders for the purpose of stock split, the Board of Directors of Bajaj Finserv has fixed 14-September-2022 as on record and hence the ex-date falling on 13-September-2022.
AAA Technologies
with a market valuation of 115 Crore, AAA Technologies is a Small-cap company that operates in Software industry. Since the year 2000, AAA Technologies has provided services as a leading independent auditing and consulting firm in the fields of Information Security, IS Audit, IT Assurance & Compliance, and IT Governance. According to NSE data, the company has declared bonus shares in the ratio of 1:2. The company has fixed the record date as 14 September 2022. The ex-date due for India’s T+2-day settlement is usually indicated one business day prior to the record date. Investors can buy the stock a day before the ex-date due T+2 settlement to get the shares credited to their demat account by the record date and be eligible for corporate activities like bonus shares, stock splits and dividends.
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