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From dividends to stock splits and rights issues, the corporate action scene is heating up with activity next week
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5 min read | Updated on August 30, 2024, 17:59 IST
SUMMARY
This week, several major companies, including Deepak Fertilisers & Petrochemicals Corporation Ltd, IRCON International Ltd, and NBCC (India) 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
On Monday, September 2, 2024, the following corporate actions are scheduled:
Deepak Fertilisers & Petrochemicals Corporation Ltd will give a dividend of ₹8.5. As per the company filings, September 4, 2024, to September 10, 2024, is its book closure date. The dividend was announced over the face value of ₹10 per share.
Bondada Engineering Ltd 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 Tuesday, September 3, 2024, the following corporate actions are scheduled:
Fineotex Chemical Ltd will give a final dividend of ₹0.4 per share on the face value of ₹2 for each share on the record date of September 3, 2024.
Garment Mantra Lifestyle 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.
Karnataka Bank Ltd will give a final dividend of ₹5.5 per share on the face value of ₹10 for each share on the record date of September 3, 2024.
Vinati Organics Ltd will pay a final dividend of ₹7 per share on the face value of ₹1 to those who hold the shares of the company from the book closure date of September 4 to September 10, 2024
TCNS Clothing Co. Ltd has announced an amalgamation of shares on the same record date of September 3, 2024.
Nucleus Software Exports Ltd has announced a buyback of shares on the same record date of September 3, 2024.
On Wednesday, September 4, 2024, the following corporate actions will take place:
Prince Pipes and Fittings Ltd paying a final dividend of ₹1 per share on a face value of ₹10 turning ex-dividend on September 3, 2024. The dividend will be given to those who hold the shares from the book closure date of September 5 to September 11, 2024.
Transport Corporation Of India Ltd has announced a buyback of shares on the same record date of September 4, 2024.
On Thursday, September 5, 2024, the following corporate actions will take place:
Aarti Drugs Ltd has announced a buyback of shares on the same record date of September 5, 2024.
IRCON International Ltd paying a final dividend of ₹1.3 per share on a face value of ₹2 turning ex-dividend on September 5, 2024. The dividend will be given to those who hold the shares from the book closure date of September 6 to September 12, 2024.
JBM Auto Ltd paying a final dividend of ₹1.5 per share on a face value of ₹2 turning ex-dividend on September 5, 2024. The dividend will be given to those who hold the shares from the book closure date of September 6 to September 12, 2024.
Jupiter Wagons Ltd paying a final dividend of ₹0.3 per share on a face value of ₹10 turning ex-dividend on September 5, 2024. The dividend will be given to those who hold the shares from the book closure date of September 6 to September 12, 2024.
NIIT Ltd will give a final dividend of ₹0.75 on the face value of ₹2 for each share held till the record date of September 5, 2024.
Sapphire Foods India Ltd 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 Friday, September 6, 2024, the following corporate actions will take place:
AAA Technologies Ltd will give a final dividend of ₹0.5 on the face value of ₹10 for each share held on the record date of September 7, 2024.
Arex Industries Ltd has announced a buyback of shares on the same record date of September 7, 2024.
Furthermore, Gujarat Narmada Valley Fertilizers & Chemicals Ltd has a record date of September 6, 2024. The company will give a final dividend of ₹16.5 per share on the face value of ₹10.
Ladderup Finance Ltd has announced a buyback of shares on the same record date of September 6, 2024.
Metro Brands Ltd will give a dividend of ₹2.25 per share on the face value of ₹5 for each share held on a record date of September 6, 2024.
NBCC (India) Ltd will give a dividend of ₹0.63 on the face value of ₹1 for each share held on the record date of September 6, 2024.
Shipping Corporation Of India Ltd will give a final dividend of ₹0.5 per share on the face value of ₹10 for each share held from their book closure start date of September 7, 2024 to September 18, 2024.
Triveni Turbine Ltd will give a final dividend of ₹1 per share on the face value of ₹10 for each share held from their book closure start date of September 7, 2024 to September 18, 2024.
Triveni Engineering & Industries Ltd will give a dividend of ₹1.25 on a face value of ₹1 for each share held on its record date of September 6, 2024.
Zen Technologies Ltd will give a final dividend of ₹1 on the face value of ₹1 for each share held on the record date of September 6, 2024.
VST Industries Ltd has announced a bonus issue with a bonus ratio of 10:1, indicating that shareholders will receive ten additional shares for each share they hold.
September 6, 2024, is the record date for the Rights Issue of Equity Shares Patel Integrated Logistics Ltd which will open on September 19 and close on October 1 for the price of ₹18 per share. The Rights Issue is in the ratio of 8:103. This means you can purchase 8 shares for each 103 shares held.
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