Investors tracking corporate actions have two stocks to watch, with June 12 set as the ex-date for a stock split by Mobavenue AI Tech Ltd. and a bonus issue by City Union Bank Ltd.
Investors must own the shares by the close of trading on June 11 to qualify for the respective benefits.
Mobavenue AI Tech has announced a stock split that will reduce the face value of its equity shares from ₹10 to ₹2.
Under the split:
- One existing share will be subdivided into five shares.
- An investor holding 100 shares will own 500 shares after the split.
- The overall value of the holding remains unchanged immediately after the adjustment.
The move is aimed at lowering the per-share price and improving liquidity.
Shares of Mobavenue AI Tech, which has a market capitalisation of ₹2,206 crore, were trading at ₹1,439, up 0.4% from the previous close of ₹1,433.
The stock trades at a P/E ratio of 75.
City Union Bank announces 1:3 bonus issue
City Union Bank has approved a bonus issue in the ratio of 1:3.
Under the proposal:
- Shareholders will receive one additional share for every three shares held.
- An investor with 300 shares will receive 100 bonus shares.
- The total holding will increase to 400 shares.
The bonus shares will be issued from the bank’s accumulated reserves.
Shares of City Union Bank, with a market capitalisation of ₹19,242 crore, were trading at ₹258.95, up 2.3% from the previous close of ₹253.15.
The stock trades at a P/E ratio of 14.18.
Eligibility deadline
For both corporate actions:
- June 12, 2026 is the ex-date.
- Investors must purchase shares on or before June 11 to be eligible.
- Buyers acquiring shares on or after June 12 will not qualify for the stock split or bonus issue.
Neither action changes the underlying fundamentals of the companies, though such moves are often aimed at improving stock liquidity and broadening the shareholder base.
TL;DR:
Mobavenue AI Tech and City Union Bank will go ex-date on June 12 for a stock split and bonus issue, respectively. Investors must buy shares by June 11 to become eligible for the corporate actions.
AI summary:
- June 12 is the ex-date for two corporate actions.
- Mobavenue AI Tech will split shares from ₹10 face value to ₹2.
- City Union Bank has announced a 1:3 bonus issue.
- June 11 is the last day to buy shares for eligibility.
- Both stocks gained in Thursday’s trading.
