Corporate Action Tracker For September: ICICI Direct
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ICICI Direct Report
Dossier of key corporate actions in September, 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 declined in August 2021.
Total 16 companies raised capital through the preferential allotment route in August 2021 compared to 20 companies in July 2021.
Overall, preferential allotment has 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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