Corporate actions this week: SBI, Tata Consumer Products to go ex-dividend, Bharat Dynamics ex-split & more
This week, SBI, Colgate-Palmolive (India), Oberoi Realty, Tata Consumer Products, and Sula Vineyard will go ex-dividend. Bharat Dynamics and Som Distilleries Breweries & Wineries will undergo a stock split, with other companies also set for corporate actions such as bonus issues and rights issues. On May 24, Tata Consumer Products (Rs 7.75/share), and Vedanta (Rs 11/share) will trade ex-dividend.
This week is packed with notable . , Colgate-Palmolive (India), , , and are set to go , while and Som Distilleries Breweries & Wineries will ex-split this week.On Wednesday, May 22, Colgate-Palmolive (India) (Rs 36/share), High Energy Batteries (Rs 3/share), Kennametal India (Rs 30/share), Oberoi Realty (Rs 2/share), Ponni Sugars (Rs 7/share), Seshasayee Paper and Boards (Rs 5/share), (SBI), Rs 13.7/share), Sula Vineyards (Rs 4.5/share), The (Rs 10.8/share), and Trent (Rs 3.2/share) will go ex-dividend.
On Friday, May 24, Tata Consumer Products (Rs 7.75/share), and Vedanta (Rs 11/share) will trade ex-dividend.
The ex-dividend date is when the price of the equity shares of a company gets adjusted for the dividend payout. It is one or two working days before the record date. All the shareholders whose names appear in the company's list by the end of the will be eligible to receive dividends.
(Rs 10 to Rs 5), and Som Distilleries Breweries & Wineries will undergo a on Friday, aiming to enhance stock liquidity.
Meanwhile, Newtime Infrastructure (1:1) will go ex-bonus on Wednesday, May 22. Additionally, GM Breweries (1:4), and Inox Wind (3:1) also go ex-bonus on Friday, May 24.
, issued to increase liquidity and lower stock price, will be allocated to shareholders, carrying equal rights as existing equity shares.
The record date for VSF Projects rights issues is set for Friday, May 24, 2024.
A is a prevalent form of corporate action where the company invites existing shareholders to buy additional shares in the company at a discounted price within the said period (the cut-off date).
However, as existing shareholders of the company, you do not have an obligation to buy additional shares. If you think the company has a flourishing business, you can apply for the rights issue and increase your stake within the company.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Source: Stocks-Markets-Economic Times
