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

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

Upstox

6 min read | Updated on August 16, 2024, 17:07 IST

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SUMMARY

This week, several major companies, including Reliance Industries Ltd, Man Infraconstruction Ltd, and IRB Infrastructure Developers, have scheduled significant corporate actions such as dividends, stock splits, and buybacks. The article includes record dates for shareholders to receive dividends and participate in share buybacks, bonus issues, and stock splits.

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

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

On Monday, August 19, 2024, the following corporate actions are scheduled:

Reliance Industries Ltd will give a final dividend of ₹10. As per the company filings August 19, 2024, is its record date. The dividend was announced over the face value of ₹10 per share.

Man Infraconstruction Ltd will give a dividend of ₹0.45 on a face value of ₹2 for each share held on its record date of August 19, 2024.

Chaman Lal Setia Exports Ltd has announced a buyback of shares on the same record date of August 19, 2024.

On Tuesday, August 20, 2024, the following corporate actions are scheduled:

Balkrishna Industries Ltd will give an interim dividend of ₹4. As per the company filings August 20, 2024, is its record date. The dividend was announced over the face value of ₹2 per share.

AIA Engineering Ltd will give a dividend of ₹16 on a face value of ₹2 for each share held on its record date of August 20, 2024. Also, the company has announced a buyback of shares on the same record date.

Furthermore, Apar Industries Ltd will give a final dividend of ₹51 per share on the face value of ₹10 for each share held from their book closure start date of August 21, 2024 to August 27, 2024.

IRB Infrastructure Developers Ltd will give an interim dividend of ₹0.1. As per the company filings, August 20, 2024, is its record date. The dividend was announced over the face value of ₹1 per share.

JK Paper Ltd will give a final dividend of ₹5 per share on the face value of ₹10 for each share held on the record date of August 20, 2024.

Dr Lal PathLabs Ltd will pay an interim dividend of ₹6. According to company filings, August 20, 2024, is the record date. The dividend was announced at the face value of ₹1 per share.

Rain Industries Ltd will give an interim dividend of ₹1. As per the company filings, August 20, 2024, is its record date. The dividend was announced over the face value of ₹2 per share.

Titagarh Rail Systems Ltd will give a final dividend of ₹0.8 per share on the face value of ₹2 for each share held from their book closure start date of August 21, 2024 to August 27, 2024.

PVV Infra Ltd has announced a bonus issue with a bonus ratio of 1:1, indicating that shareholders will receive one additional share for every share they hold.

On Wednesday, August 21, 2024, the following corporate actions will take place:

Engineers India Ltd paying a final dividend of ₹1 per share on a face value of ₹5. The dividend will be given to those who hold the shares of the company on the record date of August 21, 2024.

Hindustan Aeronautics Ltd will pay a final dividend of ₹13 per share on the face value of ₹5 to those who hold the company's shares on the record date of August 21, 2024.

KPI Green Energy Ltd will pay an interim dividend of ₹0.2 per share on the face value of ₹5 to those who hold the company's shares on the record date of August 21, 2024.

Symphony Ltd will give a dividend of ₹1 on a face value of ₹2 for each share held on its record date of August 21, 2024. Also, the company has announced a buyback of shares on the same record date.

Sprayking Ltd has announced a bonus issue with a bonus ratio of 1:1, indicating that shareholders will receive one additional share for every share they hold on the record date of August 21, 2024.

On Thursday, August 22, 2024, the following corporate actions will take place:

Aster DM Healthcare Ltd will give a final dividend of ₹2 on the face value of ₹10 for each share held till the record date of August 22, 2024.

Furthermore, Indian Railway Finance Corporation Ltd has the same record date. The company will give a dividend of ₹0.7 per share on the face value of ₹10.

Jindal Steel & Power Ltd will pay a final dividend of ₹2 per share on the face value of ₹1 for those holding shares on the record date of August 22, 2024.

Relaxo Footwears Ltd will pay a final dividend of ₹3 per share on the face value of ₹1 for those holding shares on the record date of August 22, 2024.

Money Masters Leasing & Finance Ltd will undergo a stock split (ex-date), changing the face value from ₹10 to ₹1 per share, with a split ratio of 10:1. 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.

On Friday, August 23, 2024, the following corporate actions will take place:

ABB India Ltd will give an interim dividend of ₹10.66 on the face value of ₹2 for each share held on the record date of August 23, 2024.

Furthermore, Federal Bank Ltd has the book closure start date from August 25, 2024, to August 31, 2024. The company will give a dividend of ₹1.2 per share on the face value of ₹2.

Indian Railway Catering and Tourism Corporation Ltd will give a final dividend of ₹4 per share on the face value of ₹2 for each share held from their book closure start date of August 24, 2024, to August 30, 2024.

KFin Technologies Ltd will give a dividend of ₹5.75 on the face value of ₹10 for each share held on the record date.

LIC Housing Finance Ltd will give a final dividend of ₹9 per share on the face value of ₹2 for each share held from their book closure start date of August 24, 2024 to August 29, 2024.

Mayur Uniquoters Ltd will give a dividend of ₹3 on a face value of ₹5 for each share held on its record date of August 23, 2024. Also, the company has announced a buyback of shares on the same record date.

Natco Pharma Ltd will give an interim dividend of ₹3 on the face value of ₹2 for each share held on the record date of August 23, 2024.

Oil and Natural Gas Corporation Ltd will give a dividend of ₹2.5 per share on the face value of ₹5 for each share held on the record date of August 23, 2024.

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