The company has fixed July 27, 2021 as the record date for ascertaining shareholders for bonus issue and stock split
Tide Water Oil was locked in the upper circuit for the second straight day, up 5 per cent at Rs 12,030.80 after the company announced a 1:1 bonus, Rs 200 dividend, and a stock split from Rs 5 to Rs 2
The company announced 1:1 bonus issue, dividend of Rs 200 per share and stock split from Rs 5 to Rs 2.
In the past four trading days the stock has rallied 74 per cent after the company said it will consider a stock split and bonus issue in the forthcoming board meeting to be held on June 10
The stock was up 5% at Rs 6,809, extending its previous day's 16% rally, after Standard Greases and Specialities Private, joint promoter, purchased a total 57,837 shares from open market.
The board has approved the pre-dealing application form received from Standard Greases and Specialities, joint promoter in connection with further acquisition of 174,240 equity shares of the company.