Corporate Action (CA) is that decision or event of a firm that bring material change to Equity, Debt or other forms of security issued by a public company. When a listed company announces its intention of a CA, it means that, it is going to bring some structural change to its security which may affect in terms of number of units and value. For shareholders it is imperative to understand these different types of CA's and its implications on the security prices and in turn its probable impact on their investments. For instance, when a firm announces bonus shares, the number stock held by each...