Corporate actions this week: Bajaj Holdings & Investment to go ex-dividend, Hindustan Aeronautics ex-split and more
corporate actions scheduled for this week. Bajaj Holdings & Investment, Brightcom Group, West Leisure Resorts, and Maharashtra Scooters will trade ex-dividend, while Hindustan Aeronautics and Shradha Industries will trade ex-split this week.
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.
On Monday, 25th September, Bharat Parenterals (Rs 0.75/share) and Innovana Thinklabs (Rs 0.25/share) will trade ex-dividend, while Semac Consultants (Rs 5/share) and West Leisure Resorts (Rs 0.1/share) will trade ex-dividend on Wednesday, 27th September.
Meanwhile, Bajaj Holdings & Investment (Rs 110/share), Hindprakash (Rs 0.5/share), Brightcom Group (Rs 0.1/share), and Maharashtra Scooters (Rs 110/share) will trade ex-dividend on Friday, 29th September.
Shares of IEL (Rs 10 to Rs 1) on Monday, Shradha Industries ( Rs 10 to Rs 5) on Tuesday, and Hindustan Aeronautics Ltd (Rs 10 to Re 5) on Friday will ex-split, whereas, the record date for the right issue of Marshall Machines, and Syschem is fixed on Friday, 29th September, 2023.
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.
