Infibeam Avenues shares: Andhra Paper Ltd shares will be in news today as the stock will reach ex-date for split
Infibeam Avenues shares: The spotlight will be on Andhra Paper Ltd. shares on Wednesday morning as the firm approaches the stock split ex-date. Today is the ex-date for the spin-off of Infibeam Avenues, the share repurchase of Insecticides India, and the rights issue of Synergy Green Industries Ltd. shares. Today is the ex-dividend day for a few equities, including General Insurance Corporation of India Ltd (GIC Re), Finolex Industries, Uttam Sugar Mills, and Subros Ltd.
Regarding Andhra Paper, the shares would be divided into five pieces, each having a face value of Rs 2. In addition, this day serves as the record date for figuring out Andhra Paper stockholders’ eligibility for share subdividing. The company’s 60th AGM, which took place on August 12, saw the approval of the stock split by shareholders.
The ex-date for the spin-off of Infibeam Avenues shares is today. In accordance with the terms of the Composite Scheme of Arrangement between Infibeam Avenues, Odigma Consultancy Solutions, and Infibeam Projects Management Private Limited, as well as their respective shareholders and creditors, Wednesday is also the record date for determining the eligibility of Infibeam Avenues shareholders for the issuance and allotment of equity shares of Odigma Consultancy Solutions.
Regarding Insecticides India, the business said that it will repurchase 5,000,00,000 shares with a face value of Rs. 10 each, for a total consideration of up to Rs. 50 crore, at a price of Rs. 1,000 per share. According to the audited standalone and consolidated financial statements, it made up 4.97 percent and 4.96 percent of the total paid-up equity share capital and free reserves of the business. The record date and ex-date for the same are today.
Today, shares of Synergy Green Industries would become ex-rights. On March 14, the company’s board of directors authorized the issuance of fully paid-up shares via a rights issue for a maximum sum of Rs 49 crore. For the purpose of identifying the shareholders who will be qualified to apply for the rights issue, today is the record date.
Today is the dividend ex-date for GIC RE shares. The real dividend payment date is October 26. The reinsurer had declared a dividend of Rs 10 per share. Some of the companies that will turn ex-date for dividend today are TV Today Network (Rs 8.50 per share), Agi Greenpac (Rs 6 per share dividend), Pondy Oxides (Rs 5 per share), Finolex Industries (Rs 2.50 per share), Uttam Sugar Mills (Rs 2.50 per share), and Subros (Rs 1.80 per share).
