From dividends to stock splits and rights issues, gear up for corporate action activity this week

Tuesday, May 14, 2024, is the ex-dividend date as well as the record date for Godrej Consumer Products Ltd where the company will give a dividend of ₹10 on face value of ₹1 for each share held on the record date.

Furthermore, Gravita India Ltd also has May 14, 2024, as the ex-dividend date and record date. The company will give a dividend of ₹5.2 per share on the face value of ₹2. On the same ex-dividend and record date Omax Autos Ltd is giving a dividend of ₹1 per share on face value of ₹10.

Wednesday, May 15, 2024, will be an ex-dividend date for Ador Welding Ltd paying an interim dividend of ₹18.5 per share on a face value of ₹10. The interim dividend will be given to those who hold the shares of the company on the record date of May 15, 2024. Aptus Value Housing Finance India Ltd also has the same ex-dividend date and record date It will give a dividend of ₹2.5 per share on the face value of ₹2 for those who hold the shares of the company on the record date of May 15, 2024.

Coforge Ltd has the same ex-dividend date and record date of May 15, 2024. It will give a dividend of ₹19 per share on the face value of ₹10 for those who hold the shares of the company on the record date of May 15, 2024.

Hindustan Zinc Ltd will be paying an interim dividend of ₹10 per share on the face value of ₹2 for those holding shares on the record date of May 15, 2024, It has the same ex-dividend date and record date of May 15, 2024.

IRB Infrastructure Developers Ltd has the same ex-dividend date and record date of May 15, 2024. It will give a dividend of ₹0.1 per share on the face value of ₹1 for those holding the stock on the record date of May 15, 2024.

Thursday, May 16, 2024, is the ex-dividend date for the software services corporation Tata Consultancy Services (TCS). They will give out ₹28 as its final dividend for the 2024 financial year on the face value of ₹1 for those who hold the shares on the record date of May 16, 2024.

On Friday, the ex-dividend date of May 17, 2024, Ador Fontech Ltd will deliver an interim dividend of ₹6 on a face value of ₹2. Craftsman Automation Ltd has the same ex-dividend date and record date of May 17, 2024. The company will give a final dividend of ₹12.25 per share on the face value of ₹5 for those who hold the shares on the record date of May 20, 2024.

Craftsman Automation Ltd has the same ex-dividend date and record date and will give a final dividend of ₹12.25 per share on the face value of ₹5. Advanced Enzyme Technologies Ltd has an ex-dividend date of May 17, 2024, where it will give an interim dividend of ₹4 per share on the face value of ₹2. It will be given to those who hold the shares on the record date of May 18, 2024.

Nicco Parks & Resorts Ltd has the same ex-dividend date and record date. It will give a final dividend of ₹0.5 per share on the face value of ₹1. The record date is May 17, 2024.

On May 15, 2024, Canara Bank will undergo a stock split (ex-date), changing the face value from ₹10 to ₹2 per share, with a split ratio of 5:1. This means if you hold 1 share of the company of ₹10 face value, you will receive 5 shares of ₹2 each after the split.

On May 17, 2024, the ex-split date of Vardhman Polytex Ltd and its shares will be split in a 10:1 ratio where ₹10 shares will trade at ₹1. This means if you hold 1 share of the company of ₹10 face value, you will receive 10 shares of ₹1 each after the split.

May 13, 2024, is the record date for the Right Issue of Equity Shares of Franklin Industries Ltd which will open on May 24 and close on June 11 for the price of ₹3.58 per share. The Rights Issue is in the ratio of 3:1. This means you can purchase 3 shares for each 1 share held.

May 14, 2024, is the record date for the Right Issue of Equity Shares of DSJ Keep Learning Ltd at the price of ₹1. The Rights Issue is in the ratio of 7:9. This means for every 9 shares you already own, you'll be entitled to buy 7 additional shares at a specified price.

On May 15, 2024, Solara Active Pharma Sciences Ltd will be having a Right Issue of Equity Shares which will open on May 28 and close on June 11 for the price of ₹375 per share. The Rights Issue is in the ratio of 1:3. This means you can purchase 1 share for each 3 shares you hold.

On the same record date of May 14, 2024, Viji Finance Ltd will have a Right Issue of Equity Shares at the price of ₹1.5. The Rights Issue will open on May 28 and close on June 10. The ratio of Rights issue is set as 8:11. This means for every 11 shares you already own, you'll be entitled to buy 8 additional shares at a specified price. On the record date of May 17, 2024, IFL Enterprises Ltd will have a Right Issue of Equity Shares at the price of ₹3.96. The Rights Issue will open on May 27 and close on June 25. The ratio of Rights issue is set as 1:2. This means for every 2 shares you already own, you'll be entitled to buy 1 additional share at a specified price.

On May 17, 2024, Diligent Industries Ltd will be holding an Extraordinary General Meeting (E.G.M.) and Eastern Sugar & Industries Ltd faces a Suspension in pursuit of a Resolution Plan. While Jaysynth Dyestuff (India) Ltd will be undergoing an Amalgamation (Merger) on that day.

Furthermore, an Extraordinary General Meeting will take place for Swadeshi Industries Leasing Co. Ltd.