Shares of State Bank of India will remain in focus from Thursday, as the PSU lender has fixed November 20 as ex-date for the stock split. The bank proposes to subdivide each share of face value ₹10 to 10 shares of face value ₹1 each. The stock, which closed at ₹2,911, will start trading in the range of ₹280-300. Those buying the shares from Thursday will not be eligible to participate in the stock split. SBI has fixed November 21 as the record date for the stock split.
Special dividend from Tide Water Oil
Tide Water Oil (India) will remain in focus as the stock will turn ex-dividend from Thursday. The company has rewarded its shareholders with a special interim dividend of ₹100 a share. However, those buying the shares from Thursday will not be eligible to receive the special dividend. Earlier in August, it had paid ₹200 a share as interim dividend. This is the highest ever payout made by the company since its inception ina year. The stock is ruling at ₹16,589 on the BSE.
Channel Nine's rights issue
Channel Nine Entertainment has fixed Friday as record date to identify eligible shareholders for its rights issue. That means the stock will turn ex-rights from Thursday. Those buying the shares from Thursday will not receive the rights shares. Channel Nine offers one share for every two shares held in the company. The shares are being offered at ₹10 as against the current price of ₹782.45. Just 230 retail investors hold 35.81 per cent stake in Channel Nine.
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