The stock of Novopan Industries will remain in focus in the next few days at the bourses, as the company’s delisting offer begins on Thursday. The delisting offer from the particle board manufacturer and part of the diversified GVK Group of Hyderabad will remain open till August 27. The company plans to acquire 30.02 lakh shares from the public, who control 25.21 per cent stake in the company. It has fixed the floor price at ₹30 while the stock on Wednesday closed at ₹41.6.

Eyes on Atul Auto’s stock-split ratio

The board of directors of Atul Auto is meeting on Thursday to consider a proposal to sub-divide the face value of the company’s shares. The stock has been witnessing a relentless run-up over the last three years. From a level of ₹100 in 2011, the stock has climbed to a current level of ₹706. Today, it hit an all-time high of ₹738. Traders will be keen to know the stock split ratio. Atul reported a profit of ₹9.67 crore for the quarter ended June 2014 on revenues of ₹99.74 crore.

Tide Water, Jubilant Life turn ex-dividend

Shares of Tide Water Oil Company (India) and Jubilant Life Sciences may come under pressure on Thursday, as their shares turn ex-dividend. The former has offered ₹200 a share (face value ₹10) to its shareholders as dividend, which is the highest in the company's history. Jubilant Life Sciences is paying ₹3 (face value ₹1), which is consistent with the payout in the last three years. However, those buying these shares from Thursday will not be eligible for the dividend payouts.

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