Based on Thursday's closing price of Rs 897 on the BSE, the shareholders have earned a staggering 115% short-term return from their fresh investments through the rights issue. The offer remained open between December 19, 2022, and January 9, 2023.
Corporate Radar: Som Distilleries & Breweries to go ex-dividend; Likhitha Infrastructure stock split and more
Also, shares of Can Fin Homes (Rs 1.50 per share), Aptus Value Housing Finance India (Rs 2 per share), Hinduja Global Solutions (Rs 5 per share) and Panchsheel Organics (Re 0.8 per share) will trade ex-dividend next week.
Corporate Radar: Milkfood to go ex-dividend; Chandra Prabhu International stock split & more
Shares of Chandra Prabhu International (Rs 10 to Rs 2) will turn ex-split. A meeting of the board of directors of Indo Cotspin is scheduled to consider and approve the subdivision of the equity shares.
Corporate Radar: Vedanta to go ex-dividend, Commercial Syn Bags board meeting & more
Also, a meeting of the board of directors of Commercial Syn Bags is scheduled to consider and approve the allotment of 2,66,34,800 new equity shares of Rs 10 each to existing shareholders in the proportion of 2:1.
"The dividend shall be paid on or before December 17, 2022, to those members, whose names appear on the Register of Members or in records of depositories as beneficial owners of the shares as of the closure of business hours of Friday, December 2, 2022, which is the Record Date fixed for the purpose," said the company filing.
CCI raids Associated Alcohols, Som Distilleries in price fixing probe
The Competition Commission of India (CCI) officials were conducting search and seizure operations across several cities and the case is about the companies allegedly violating anti-trust laws by colluding on prices while seeking necessary regulatory approvals in states, the sources added.
Sebi exempts family trust linked to Capri Global Capital's promoters from open offer obligations
The proposed acquisition involves direct and indirect acquisition of shares of Capri Global Capital (target company) by the Trust from promoter and members of promoter group of the company, Sebi said in an order.
Lupin: The pharma company launched an authorised generic version of Brovana (arformoterol tartrate) Inhalation Solution 15 mcg/2 mL, unit-dose vials, of Sunovion Pharmaceuticals Inc, in the United States. The drug is used for the maintenance treatment of bronchocon......read more
Som Distilleries – Q3FY20 Concall – Nirmal Bang Sec.
Outlook – Neutral
The company maintained that business environment is challenging. On above of that, all key raw materials experienced considerable price increases yoy which impacted the margins for the quarter. In addition, pr......read more