Rajoo Engineers Ltd., Wipro Ltd. and Consecutive Investment & Trading Co. are among the companies that will announce their bonus shares this week.
Rajoo Engineers has announced bonus shares in a ratio of 1:3. The company will issue a new share for every three shares held by the shareholders. The record date for the eligibility of shareholders for the bonus issue is Dec. 2.
Wipro and Consecutive Investment & Trading Co. will issue bonus shares in 1:1 ratio each.
Wipro, one of India's largest information technology companies, has approximately 22.4 lakh shareholders. Once the 1:1 bonus share is issued, these shareholders will see their holdings double without making any additional investment.
Wipro has previously issued bonus shares to its shareholders 13 times since 1971. The most recent bonus issue was approved on March 6, 2019, at a 1:3 ratio.
Companies, including Diamond Power Infrastructure Ltd., Consecutive Investment & Trading Co. and Eraaya Lifespaces Ltd., have declared a stock split from Rs 10 to Rs 1 each.
The record date for Diamond Power Infrastructure is Dec. 3, while that for Consecutive Investment and Eraaya Lifespaces is Dec. 6.
Indo Us Bio-Tech Ltd. will turn ex-date on Dec. 3 for interim dividend of Rs 0.25 per share. The record date is Dec. 3.
Can Fin Homes Ltd. will turn ex-date on Dec. 4 for interim dividend of Rs 6 apiece and the record date for the same is set on Dec. 4.
For its interim dividend of Rs 0.1, Phoenix Township Ltd. will also turn ex-date on Dec. 6. The record date is set on Dec. 6.
Gujarat Natural Resources Ltd. and Ace Software Esports Ltd. are set to trade ex-date for right issue of equity shares on Dec. 3 and Dec. 5 respectively.
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