1 / 6Multiple companies go ex-bonus or ex-dividend this week, meaning the bonus issue of shares or the dividend payout or a stock split announced by the company will take effect this week. However, many companies in the BSE list are either trading in the ESM framework and are in the periodic call auction and hence are not part of this story. Let us take you through some of the big corporate actions this week.
2 / 6Wipro | The IT services giant had announced a 1 for 1 bonus issue along with its quarterly results and post the shareholder approval, the record date for the same has been fixed as December 3, 2024. This means that Monday will be the last day to buy shares of Wipro to be eligible for the bonus issue. Wipro is the Indian company with the highest number of bonus issues to shareholders. You can read more on that here.
3 / 6Diamond Power Infra | The company plans to split one share with a face value of ₹10 into 10 shares of face value of ₹1 each. The record date for the same has been fixed as December 3.
4 / 6Can Fin Homes | The non-bank lender and unit of Canara Bank had declared an interim dividend of ₹6 per share and that stock should be in your portfolio before December 4, so that one can be eligible for this dividend as that is the record date for the same.
5 / 6Eraaya Lifespaces | The company with a market capitalisation of over ₹3,600 crore will also be splitting the share which currently has a face value of ₹10 into 10 shares of face value of ₹1. Record date for that stock split has been fixed as December 6. The stock though, is currently trading in the Stage 4 of the ASM framework, which means the criteria to trade the stock is different compared to others.
6 / 6Strides Pharma | The record date for the spin off of its OneSource business has been fixed as December 6. This will determine who are eligible for receiving shares of OneSource as per the scheme of arrangement.
