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Market observers need to be aware of any business statements on bonus issues and stock splits before the stock market opens. Pre-split trading will be done by Continental Securities Limited and Vivanza Biosciences Ltd, and pre-bonus trading will be done by Magellanic Cloud Limited and Growington Ventures India Limited.
An increase in the number of shares of a company’s stock without a change in shareholders’ equity is known as a stock split. Businesses frequently divide their stock shares to lower the cost for investors. A stock split does not reduce the ownership stakes of current shareholders, unlike issuing new shares.
For instance, if a business that trades at $100 per share announces a two-for-one stock split, you will possess 2000 shares instead of 1000. 50 per share immediately after the split.
These stocks will trade X-Split:
a) Continental Securities Limited: Since October 2, the company has declared a stock split. The record date for the split is March 20, 2023. On March 20, the stock will go ex-dividend.
On Friday, shares of Continental Securities decreased by 2.82 percent. 40.33 on BSE. The stock has increased by 55.12% during the past year.
b)A 1:10 stock split has been announced by Vivanza Biosciences Ltd., and the company has set March 24, 2023 as the record date for the split. On March 24, the stock will go ex-dividend.
Vivanza Bisociences shares closed on Friday 207.80 on BSE. The stock has lost 5.22% over the past year, and so far in 2023, it has lost 9.74% YTD.
Bonus shares are extra shares that a company issues to its current owners in exchange for their existing shares. The shareholders bear no additional expense for the issuance of bonus shares.
The record date for Magellanic Cloud Limited’s bonus issue of shares is March 21, 2023, and the business has set a 3:1 share ratio.
d) Growington Ventures India Limited: On March 25, 2023, the business will begin issuing bonus shares at a 24:100 ratio. On March 24, 2023, the stock will stop being eligible for bonuses.
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