These 4 stocks to remain in focus ahead of record date for bonus issue, stock split

The shares of Richfield Financial Services, Transformers & Rectifiers, Ascensive Educare and Pritika Engineering Components may be in attention on Thursday as these companies are approaching their record date, February 14, for the purpose of bonus issue and stock split.

Therefore, today marks the final opportunity to buy the shares of these companies to qualify for the benefits of the bonus issue/ stock split.

Here is a brief detail:

Bonus issue

Richfield Financial Services as well as Transformers & Rectifiers Ltd had announced an issue of bonus shares for their shareholders, fixing February 14 as the record date.

• Richfield Financial Services announced a bonus issue of shares in the ratio of 1:1.
  

This means that the company will issue one additional (bonus) share for every existing share held by shareholders. This effectively doubles the total number of shares while keeping the overall investment value unchanged.

According to the Trenslyne data, this is the first-ever instance of the company issuing bonus shares to its shareholders.

• Transformers & Rectifiers Ltd has also announced a 1:1 bonus share issue, meaning that the shareholders will receive an additional share for each existing shareheld by them.
  

Trendlyne data suggests that this is the second time company is issuing bonus shares to its shareholders, after June 2013, when the shares were issued in the ratio 1:9.

Stock split

Ascensive Educare and Pritika Engineering Components had announced a sub-division of their existing shares.

• Ascensive Educare’s shares will undergo a split from a current face value of Rs 10 per share to Re 1 per share. The record date for the purpose is February 14.
  

The shareholders are required to purchase the shares of the company by today in order to avail the stock split benefits.

This is the first-ever instance of Ascensive Educare splitting its stock, according to Trendlyne.

• Pritika Engineering Components will undergo a split from a current face value of Rs 10 per share to Rs 5 per share.
  

According to the Trendlyne data, Pritika Engineering Components too is undergoing a stock split for the first time ever.

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