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  5. All you need to know about corporate actions this week: Stock split, right issue, dividends and more

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All you need to know about corporate actions this week: Stock split, right issue, dividends and more

Upstox
By Upstox News Desk

5 min read | Updated on June 25, 2024, 12:36 IST

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SUMMARY

This week Indian stock market expects several corporate activities like dividend announcements and stock splits. Watch out for Titan, Induslnd Bank, Voltas, RPG Life Sciences and Nippon Life India AMC for dividend announcements and stock splits in Share India Securities Ltd and Avonmore Capital & Management Services Ltd.

All you need to know about corporation action this week: Stock split, right issue, dividends and more

All you need to know about corporation action this week: Stock split, right issue, dividends and more

From dividends to stock splits and rights issues, the corporate action scene is heating up with activity this week.

Dividend Payouts

The following companies are giving out dividends this week:

Notably, IndusInd Bank is paying a dividend of ₹16.5 per share, with the announcement date on April 25, 2024. The record date and ex-dividend date are both on June 28, 2024.
Titan is distributing a dividend of ₹10 per share, announced on May 3, 2024, with the record date and ex-dividend date set for June 28, 2024.
Voltas will pay a dividend of ₹5.5 per share, announced on May 7, 2024, with the record date and ex-dividend date also on June 28, 2024.
RPG Life Sciences declared a dividend of ₹16 per share, announced on April 30, 2024, and scheduled for the same record and ex-dividend date.
Nippon Life India AMC announced a dividend of ₹11 per share on April 24, 2024, with the record date on June 28, 2024.

Complete list of stocks turning ex-dividend this week

Company NameTypeDividend (Rs)Announcement DateRecord DateEx-Dividend Date
AEROFLEX INDUSTRIESFinal0.25May 6, 2024Jun 28, 2024Jun 28, 2024
ANDHRA PETROFinal0.25May 27, 2024Jun 29, 2024Jun 28, 2024
RPG LIFE SCIENCESFinal16Apr 30, 2024Jun 28, 2024Jun 28, 2024
DHAMPUR BIO ORGANICSFinal2.5Apr 24, 2024Jun 28, 2024Jun 28, 2024
RECFinal5Apr 30, 2024Jun 28, 2024Jun 28, 2024
GIC HOUSINGFinal4.5May 13, 2024Jun 28, 2024Jun 28, 2024
VAIBHAV GLOBALFinal1.5May 23, 2024Jun 29, 2024Jun 28, 2024
SWARAJ ENGINESFinal95Apr 18, 2024Jun 29, 2024Jun 28, 2024
SYNGENE INTERNATIONALFinal1.25Apr 24, 2024Jun 28, 2024Jun 28, 2024
WELSPUN CORPFinal5May 30, 2024Jun 28, 2024Jun 28, 2024
MAWANA SUGARSFinal4May 27, 2024Jun 29, 2024Jun 28, 2024
NIPPON LIFE INDIA AMCFinal11Apr 24, 2024Jun 28, 2024Jun 28, 2024
MAH. SCOOTERSFinal60Apr 24, 2024Jun 28, 2024Jun 28, 2024
INDUSIND BANKFinal16.5Apr 25, 2024Jun 28, 2024Jun 28, 2024
SUPREME PETRFinal7Apr 24, 2024Jun 28, 2024Jun 27, 2024
TITANFinal11May 3, 2024Jun 28, 2024Jun 27, 2024
WELSPUN LIVINGFinal0.1Apr 25, 2024Jun 27, 2024Jun 26, 2024
AEGIS LOGISTICSFinal2May 24, 2024Jun 26, 2024Jun 26, 2024
VOLTASFinal5.5May 7, 2024Jun 26, 2024Jun 25, 2024
CERA SANITARYFinal60May 13, 2024Jun 26, 2024Jun 25, 2024
ALKYL AMINESFinal10May 9, 2024Jun 26, 2024Jun 25, 2024
FILTRA CONSULTANTSFinal3May 27, 2024Jun 26, 2024Jun 25, 2024
TATA ELXSIFinal70Apr 23, 2024Jun 26, 2024Jun 25, 2024
BHARAT PARENTALSFinal1Jun 10, 2024Jun 25, 2024Jun 25, 2024
OBEROI REALTYFinal2Jun 6, 2024Jun 24, 2024Jun 24, 2024
Source: Screener, BSE

Stock Splits

(A stock split increases the number of shares of a corporation's stock without changing the shareholders' equity.)
This week, Share India Securities Ltd will undergo a stock split from ₹10 to ₹2, with shares trading ex-split on June 27.
Avonmore Capital & Management Services Limited will undergo a stock split from ₹10 to ₹1, with shares trading ex-split on June 28.

Bonus Issues

(A bonus issue is when a company distributes additional shares to its shareholders without any extra cost, based on the number of shares the shareholder already owns.)
Ashirwad Capital Ltd declared a bonus issue in the ratio of 1:2, with shares trading ex-bonus on June 25.
Aurionpro Solutions Ltd declared a bonus issue in the ratio of 1:1, with shares trading ex-bonus on June 27.

Other Corporate Actions

Several other significant corporate actions are scheduled for this week.

  • Neil Industries Ltd will hold an Extraordinary General Meeting (E.G.M.) on June 24.
  • Srestha Finvest Ltd and SEPC Ltd have announced a Right Issue of Equity Shares on June 24 and June 25, respectively.
  • Lastly, Godawari Power & Ispat Ltd has scheduled a buy-back of shares on June 28.
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About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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