The record date serves as a cut-off date for companies to determine the eligibility of shareholders to qualify for corporate benefits. For shareholders to be eligible for buybacks, bonus issues, or stock splits, they must hold shares in their demat accounts on the record date.
To qualify for these corporate benefits, investors need to purchase shares at least one trading day before the ex-date, as settlements occur the following day. Those who buy shares on or after the ex-date will not be entitled to these corporate actions.
The following companies have upcoming ex-dates this week for various corporate actions:
Wednesday, January 8
Stock split
AA Plus Tradelink had announced a stock split from Rs 10 to Rs 1.
Jagsonpal Pharmaceuticals had announced a stock split from Rs 5 to Rs 2.
Julien Agro Infratech had announced a stock split from Rs 10 to Rs 5.
Kamdhenu Ltd had announced a stock split from Rs 10 to Rs 1.
Bonus issue
Algoquant Fintech had announced a bonus issue in the ratio of 1:2.
Padam Cotton Yarns had announced a bonus issue in the ratio of 1:1.
Friday, January 10
Dividend
VTM Ltd had declared an interim dividend of 25% (Rs 0.25 per share).
Stock split
Shriram Finance had announced a stock split from Rs 10 to Rs 2.
Also read: Zomato's dream run on D-Street may hit a bump or two
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(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price