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), State Bank of India (SBI), Rs 13.7/share), Sula Vineyards (Rs 4.5/share), The Great Eastern Shipping Company (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 record date will be eligible to receive dividends.
Bharat Dynamics Ltd (Rs 10 to Rs 5), and Som Distilleries Breweries & Wineries will undergo a stock split 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.Bonus shares, 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 rights issue 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.
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