Corporate Actions and their Life Cycle

Syllabus

• Section 1: Introduction to Corporate Actions, Key Dates and Types of Corporate Actions
• • What are Corporate Actions?
  • Participants involved in Corporate Actions
  • Examples of Corporate Actions
  • Impact of Corporate Actions on Shareholders or Bondholders
  • Why do companies issue corporate actions?
  • Types of Corporate Actions
  • Key Dates in Corporate Actions
  • Example of Dividend Capture
  • Case study - Corporate Action Dates for Cash Dividend

• Section 2: Mandatory Corporate Actions
• • Bonus Issue
  • Why Companies Issue Bonus Shares?
  • Example of Bonus Issue
  • Cash Dividends
  • Stock Dividend
  • Example of Stock Dividend

• Section 3: Stock Split, Reverse Stock Split and Redemption
• • What is Stock Split
  • How do Stock Splits work?
  • Example of Stock Split
  • Stock Splits vs. Bonus Shares
  • Reverse Stock Split
  • How do Reverse Stock Splits work?
  • Redemption
  • Example of Redemption

• Section 4: Spin-Off, Mergers & Acquisitions, Delisting and Pari-Passu
• • What is Spin-off and how does it work?
  • Reasons for Spin-Off
  • Mergers & Acquisitions (M&As)
  • Difference between Mergers and Acquisitions
  • Delisting
  • Reasons for Delisting
  • Listing Requirements
  • Process of Delisting
  • Pari-Passu

• Section 5: Voluntary Corporate Actions, Mandatory events with choices and Life Cycle
• • What do you mean by Voluntary Corporate Actions?
  • Tender Offer
  • How does Tender offer work?
  • Rights issue
  • Key features of a rights issue
  • How does the Rights issue work?
  • Example and case study of a rights issue?
  • Stages in a rights issue
  • Options in a rights issue
  • Buy Back and its features
  • Mandatory events with choices
  • Mandatory Corporate Actions – Life Cycle
  • Voluntary Corporate Actions – Life Cycle