Corporate Action Tracker For October: ICICI Direct
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ICICI Direct Report
Dossier of key corporate actions in October, 2021. Key highlights:
Of the CNX 500 companies, nine used the rights issue method to raise capital in CY20 compared to three in CY19.
Total five companies had announced bonus issue in CY20 compared to 16 in CY19
On a month on month basis, the momentum related to raising money (in terms of number of companies) through preferential allotment improved in September 2021.
Total 27 companies raised capital through the preferential allotment route in September 2021 compared to 16 companies in August 2021.
Overall, preferential allotment declined as a funding route over CY17-19.
seven companies had announced a stock split in CY20 compared to four in CY19.
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