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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

5 min read | Updated on August 23, 2024, 13:43 IST

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SUMMARY

This week, several major companies, including Hindustan Zinc Ltd, Power Finance Corporation Ltd, and NCC Ltd, 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

##Monday, August 26, 2024

Manappuram Finance Ltd will give an interim dividend of ₹1. As per the company filings August 26, 2024, is its record date. The dividend was announced over the face value of ₹2 per share.
VLS Finance Ltd has announced a buyback of shares on the same record date of August 26, 2024.

August 26, 2024, is the record date for the Rights Issue of Equity Shares Modern Engineering And Projects Ltd, which will open on September 5 and close on September 17 for the price of ₹40 per share. The Rights Issue is in the ratio of 4:1. This means you can purchase 4 shares for each 1 share held.

##Tuesday, August 27, 2024

United Drilling Tools Ltd will give a final dividend of ₹0.6 per share and an interim dividend of ₹0.6 on the face value of ₹10 for each share on the record date of August 27, 2024.
Suprajit Engineering Ltd has announced a buyback of shares on the same record date of August 27, 2024.
Technocraft Industries (India) Ltd has announced a buyback of shares on the same record date of August 27, 2024.
KDDL Ltd will give a final dividend of ₹4 per share on the face value of ₹10 for each share held on the record date of August 27, 2024, and it has announced a buyback of shares on the same record date.
Aditya Vision 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.

##Wednesday, August 28, 2024

Asahi India Glass Ltd paying a final dividend of ₹2 per share on a face value of ₹1 turning ex-dividend on August 28, 2024. The dividend will be given to those who hold the shares from the book closure date of August 29 to September 4, 2024.
Bajaj Steel Industries Ltd will pay a final dividend of ₹3 per share on the face value of ₹5 to those who hold the shares of the company from the book closure date of August 29 to September 4, 2024.

Force Motors Ltd will pay a final dividend of ₹20 per share on the face value of ₹10 to those who hold the company's shares on the record date of August 28, 2024.

Hindustan Zinc Ltd will give an interim dividend of ₹19 on a face value of ₹5 for each share held on its record date of August 28, 2024.
Shekhawati Industries Ltd has announced a consolidation of shares on the record date of August 28, 2024.
August 28, 2024, is the record date for the Rights Issue of Equity Shares Vardhman Polytex Ltd which will open on September 12 and close on September 38 for the price of ₹6 per share. The Rights Issue is in the ratio of 7:23. This means you can purchase 7 shares for every 23 shares held.

##Thursday, August 29, 2024

Clean Science and Technology Ltd will give a final dividend of ₹3 on the face value of ₹1 for each share held till the record date of August 29, 2024.
Furthermore, Jamna Auto Industries Ltd has the same record date. The company will give a final dividend of ₹1.3 per share on the face value of ₹1.

##Friday, August 30, 2024

Ganesh Housing Corporation Ltd will give a final dividend of ₹11 on the face value of ₹10 for each share held on the record date of August 30, 2024.
Furthermore, India Tourism Development Corporation Ltd has a record date of August 30, 2024. The company will give a final dividend of ₹1.2 per share on the face value of ₹10.
Indian Toners & Developers Ltd has announced a buyback of shares on the same record date of August 30, 2024.
Jindal Stainless Ltd will give a final dividend of ₹2 per share on the face value of ₹2 for each share held record date of August 30, 2024.
JTL Industries Ltd will give a dividend of ₹0.25 on the face value of ₹2 for each share held on the record date.
Kajaria Ceramics Ltd will give a final dividend of ₹6 per share on the face value of ₹1 for each share held from their book closure start date of August 31, 2024 to September 6, 2024.
NCC Ltd will give a dividend of ₹2.2 on a face value of ₹2 for each share held on its record date of August 30, 2024.
MOIL will give a final dividend of ₹2.5 on the face value of ₹10 for each share held on the record date of August 30, 2024.
OIL India will give a final dividend of ₹2.5 on the face value of ₹10 for each share held on the record date of August 30, 2024.
Power Finance Corporation Ltd will give an interim dividend of ₹3.25 per share on the face value of ₹10 for each share held on the record date of August 30, 2024.
Shyam Metalics and Energy Ltd will give a final dividend of ₹2.7 per share on the face value of ₹10 for each share held from their book closure start date of August 31, 2024 to September 6, 2024.
Vijaya Diagnostic Centre Ltd will give a final dividend of ₹1 per share on the face value of ₹1 for each share held on the record date of August 30, 2024.
Weizmann Ltd has announced a buyback of shares on the same record date of August 30, 2024.
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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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