Shares of Cupid and Just Dial will remain in focus, as they will turn ex-date for the bonus and buyback offer, respectively, on Thursday. Cupid has announced one bonus share for every five shares held; Just Dial plans to buy back 27.50 lakh shares, for an aggregate amount not exceeding ₹220 crore, at a maximum price of ₹800 a share.
The buyback is through a tender route. Investors need to buy these shares by Wednesday to become eligible to benefit from these actions.