SUMMARY
From Vedanta trading ex-dividend this week to Mazagon Dock’s stock split and NMDC’s bonus issue, these are some of the top corporate actions for the upcoming week.
1 / 6Multiple companies, including a few PSUs will see various corporate actions taking place this week, ranging from credit of dividend to bonus shares and even stock splits. Here is a look at some of these companies.
2 / 6Vedanta | The Anil Agarwal-owned mining conglomerate had announced its fourth interim dividend of ₹8.5 last week and the record date for the same has been fixed as Tuesday, December 24, 2024. This means the stock needs to be in your demat account by Monday for you to be eligible for this dividend. The company has already paid ₹43.5 as dividend to shareholders so far in financial year 2025.
3 / 6Bharat Global Developers | This ₹12,000 crore-plus market cap company has announced an 8:10 bonus issue and a stock split as well. Shareholders will receive eight bonus shares for every 10 shares they have as on the record date. The company will also split one of its share with a ₹10 face value into ten shares of face value worth ₹1. Record date for both these actions has been fixed as Thursday, December 26. However, it must be noted that the stock is currently under Stage 4 of the Long-term Additional Surveillance Measures (ASM) framework.
4 / 6Dhanlaxmi Bank | The lender has fixed Friday, December 27 as the record date for its upcoming rights issue. Shareholders will be eligible to 14 rights equity shares for every 25 shares of the bank that they hold. The rights issue price has been fixed as ₹21 per rights equity share. The rights issue will open on January 8 and close on January 28, 2025.
5 / 6Mazagon Dock Shipbuilders | The state-run defence company had announced a stock split earlier, where it will split one equity share of ₹10 into two equity shares of ₹5 each. The company has fixed Friday, December 27 as the record date for this stock split. The stock has also recovered close to its record high ahead of the stock split.
6 / 6NMDC | The state-run mining major has been in focus due to news flow regarding iron ore mining duties and the state of Karnataka. Earlier, it had announced a two for one bonus issue, which means shareholders will receive two free shares of the company for every one share they own as of the record date, which has been fixed as Friday, December 27.
