Sigachi Industries, others to trade ex-split, ex-bonus next week; check details
Live MintShares of a few companies including Sigachi Industries, MRP Agro Ltd, among others will trade either ex-split and ex-bonus in the coming week, starting from Monday, October 9. A reverse stock split is an opposite transaction, in which a company lowers, instead of increasing, the number of shares outstanding, raising the share price accordingly. On the other hand, a bonus issue is a corporate action which is an offer given to the existing shareholders of the company to subscribe for additional shares. The following are the stocks that have declared stock split in the upcoming week: 1.Sigachi Industries: The company will trade ex-split on October 9 and has declared a stock split from ₹10 to ₹1 2.Gujarat Themis Biosyn: The company will trade ex-split on October 10 and has declared a stock split from ₹5 to ₹1 3.Themis Medicare: The company will trade ex-split on October 10 and has declared a stock split from ₹10 to ₹1 The following are the stocks that have declared a bonus issue in the upcoming week: 1.Jonjua Overseas Ltd: The company will trade ex-bonus on October 10 and has declared a bonus issue in the ratio 9:50 2.Advance Lifestyles: The company will trade ex-bonus on October 13 and has declared a bonus issue in the ratio 1:1 3.MRP Agro: The company will trade ex-bonus on October 13 and has declared a bonus issue in the ratio 2:1