24:1 Bonus Points, 1:5 Stock Split, Demerger: Several listed companies will be taking major corporate actions effective on Friday, December 5, as shares of Apis India, CAMS and Hindustan Unilever (HUL) will be ex-date for their respective bonus issues, stock splits and demerger adjustments.
Apis India will switch to X-Bonus
Apis India Limited will trade ex-bonus on December 5 after the company recommended a generous bonus issue in the ratio of 24:1. This means shareholders will receive 24 new fully paid-up equity shares for every existing share held, subject to final shareholder approval. The company has set December 5 as the record date to determine eligible shareholders.
CAMS shares to adjust for stock split
Computer Age Management Services (CAMS) has informed the exchanges that its approved stock split will also be effective from December 5. Under the split plan, every 1 equity share of face value Rs 10 will be divided into 5 equity shares of face value Rs 2 each. The move is aimed at improving liquidity and increasing retail participation.
HUL to trade pre-dissolution as ice cream unit closes
Shares of Hindustan Unilever Ltd (HUL) will rise after a special pre-open session on December 5 reflecting the merger of its ice cream business-Quality Walls (India) Ltd (KWIL).
Shareholders whose names appear in the register on the record date will be eligible to receive free shares of the newly demerged ice cream entity.
The demerger, approved by HUL shareholders in November 2024 and cleared by the NCLT on October 30, separates the business that has brands like Quality Walls, Cornetto and Magnum.
The ice cream division contributes about 3 per cent to HUL’s annual turnover or about Rs 1,800 crore.
HUL has set the share entitlement ratio at 1:1, which means every HUL shareholder will receive one share of KWIL for every HUL share held till December 5.
The allotment date for the new shares has been set for December 29.