Corporate radar: rights issues, general meetings, stock splits, etc.
Shares of NCL Research & Financial Services will be ex-rights today. The company had announced a rights issue of 21 shares for every 25 shares held at Re 1. In December last year, the same company announced a bonus and a stock split.
Two shares Crisil and Vedanta will be ex-dividends today. Vedanta had announced an interim dividend of Rs 31.50 per share while Crisil’s board had announced Rs 7 per share in dividend.
Reliance Industries, Tata Power, Canara Bank, Federal Bank, Grindwell Norton, SCI and Bajaj Consumer Care are among the companies to report their March quarter results today.
Rain Industries, Vesuvius India, Deccan Bearings and Stovec Industries would hold their Annual General Meetings (AGMs) today. India Infrastructure Trust, Data Patterns (India), White Organic Retail, Yash Pakka, NPR Finance, Diggi Multitrade and Betex India would hold Extraordinary General Meetings (AGEs).
Paisalo Digital will consider a stock split when announcing its quarterly results today. The Avantel board will consider a bonus issue today. The Makers Laboratories Board of Directors will consider a rights issue.