Corporate actions this week: Infosys, LTIMindtree to go ex-dividend, Shri Venkatesh Refineries ex-bonus and more
Infosys, ICICI Lombard, LTTS and LTIMindtree will trade dividends, while Jay Bharat Maruti will trade ex-split. Whereas, shares of three companies — Krishana Phoschem, Maruti Interior Products and Shri Venkatesh Refineries — will trade ex-bonus this week.
Shares of Geekay Wires (Rs 10 to Rs 2) on Monday, October 23, while Jay Bharat Maruti ( Rs 5 to Rs 2) on Thursday, October 26, will ex-split.
Meanwhile, on Friday, October 27, BCL Industries (Rs 10 to Re 1), Shashijit Infraprojects (Rs 10 to Rs 2), and Talbros Automotive Components (Rs 10 to Rs 2) will ex-split.
A stock split is usually done to increase the liquidity of the stock in the market. On the ex-split date, investors who are holding the stock until the record date will receive the new shares in demat accounts and the stock price will be adjusted according to the split ratio.
Infosys (Rs 18/share) will trade ex-dividend on 25th October.
KSolves India (Rs 7/share) and TCI Express (Rs 3/share) will trade ex-dividend on 26th October.
Meanwhile, on October 27, Astral (Rs 1.5/share), ICICI Lombard General Insurance Company (Rs 5/share), ICICI Securities (Rs 12/share), Jindal Stainless (Re 1/share), L&T Technology Services (Rs 17/share), and LTIMindtree (Rs 20/share) will trade ex-dividend.
Remus Pharmaceuticals (Rs 2/share) will trade ex-dividend on 28th October.
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.
Whereas, Krishana Phoschem (1:1) on Wednesday, Maruti Interior Products (1:1), and Shri Venkatesh Refineries
