Corporate action: Bayer CropScience to finalise shareholders' names for Rs 125 per share on November 13

In a major corporate action in the next two days, Bayer CropScience Ltd will finalise shareholders' names for Rs 125 per share, and Natural Capsules Ltd share right issue will also see in the action.

Bayer CropScience to finalise shareholders' names for Rs 125 per share on November 13. Source: cropscience.bayer.com

In a major corporate action in the next two days, Bayer CropScience Ltd will finalise shareholders' names for Rs 125 per share, and Natural Capsules Ltd share right issue will also see in the action.

The record date for Bayer CropScience Rs 125 per share dividend has been fixed as November 13 and Natural Capsules right issue has been finalised as of November 12, showed the BSE corporate action details.

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Bayer CropScience Ltd board, held its meeting on November 01, 2021, declared a special dividend of Rs 125 per equity share of Rs 10 each for the Financial Year 2021-22, the BSE communication dated November showed.

Between August 2011 and November 2021, the company has offered a final dividend 10 times, interim dividend twice, while this is for the first time that the company is offering a special dividend, as per Stock Edge, an app to analyse NSE and BSE data.

Ahead of the record date on Friday, Bayer CropScience stocks traded mute on Thursday. The shares were trading lower by Rs 1.60 at Rs 4755.30 on the BSE in Thursday's intraday trade.

Also, at the meeting held on August 7, 2021, the Board of Directors of Natural Capsules Ltd has approved the issue of equity shares of Rs 10 each on a rights basis in the ratio of one share for every two shares held on the record date at a premium of Rs 90 per share.

Natural Capsules has given the final dividend 11 times and brought the right issue once between July 2011 and November 2021.

Natural Capsules stocks after hitting a fresh 52-week high of Rs 247 on Tuesday (November 9, 2021) on the BSE has been on the decline and was trading 5% down at Rs 166 during Thursday's closing hours.

The record date is the date set by the board of directors of a company by which investors must be on the company's books in order to receive a stock's dividend or be part of the rights issue.

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