Corporate Actions Heating Up with Dividends, Stock Splits, and Rights Issues This Week
Significant corporate actions such as dividends, stock splits, and buybacks are scheduled for multiple companies in the week starting October 21, 2024.
This week, several companies have lined up significant corporate actions, including dividends, stock splits, and rights issues. Some of the major companies involved are HCL Technologies, LTIMindtree Ltd, L&T Technology Services, and Tips Music. Here’s a breakdown of the key events scheduled:
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On Monday, October 21, 2024, JNK India Ltd will offer an interim dividend of Rs 0.03 per share on a face value of Rs 2. The record date for shareholders is set for October 21, 2024.
On Tuesday, October 22, 2024, DMR Hydroengineering & Infrastructures Ltd will have a record date for its rights issue of equity shares, priced at Rs 153.3 per share with a ratio of 1:20. The issue will be open from November 14 to December 3, 2024. Additionally, Gopal Snacks Ltd will provide an interim dividend of Rs 1 per share on a face value of Rs 1, and HCL Technologies Ltd will give Rs 12 per share on a face value of Rs 1 for each share held on the record date of October 22, 2024.
On Wednesday, October 23, 2024, Grovy India Ltd will announce a bonus issue with a ratio of 3:1, offering three shares for every share held.
On Thursday, October 24, 2024, Diligent Industries Ltd will have a record date for its rights issue, priced at Rs 5.01 per share in a 6:5 ratio. Tips Music Ltd will give an interim dividend of Rs 2 per share on a face value of Rs 1 for shares held on October 24, 2024.
On Friday, October 25, 2024, Allcargo Logistics Ltd, Dalmia Bharat Ltd, and Wealth First Portfolio Managers Ltd will issue interim dividends. D B Corp Ltd will give Rs 5 per share, LTIMindtree Ltd Rs 20, and L&T Technology Services Ltd Rs 17 per share for shares held on the record date of October 25, 2024. Matrimony.com Ltd will have a share buyback.
Several stock splits are also scheduled on October 25, 2024. Mayukh Dealtrade Ltd will split its shares in a 5:1 ratio, POCL Enterprises Ltd will split shares in a 10:5 ratio, and Sukhjit Starch & Chemicals Ltd will split its shares in a 10:5 ratio.
These corporate actions provide opportunities for shareholders to participate in dividends, stock splits, and rights issues across various sectors.
Disclaimer: The article is for informational purposes only and not investment advice.