Dividend paying stock Oil India share price to trade ex-dividend today

livemint.com:

Dividend paying stock: Shares of Oil India Ltd, Tierra Agrotech Ltd, and Tine Agro Ltd will be in focus when the stock market opens on March 18 (Monday). The Board of Directors of the 3 companies have declared interim dividend, rights issue, bonus issue, and stock split for their eligible shareholders. The record date by the 3 companies to ascertain the eligibility of shareholders for their respective issues has been fixed on March 18.

Oil India: The company has declared an interim dividend of ₹8.50 per equity share. In a stock exchange filing, Oil India said the Board of Directors in its meeting held today i.e. on 08th March, 2024 has inter-alia accorded its approval for “Second Interim Dividend of Rs.

8.50/- per share (85% of paid-up capital) for the financial year 2023-24. The Second Interim Dividend 2023-24 will be paid on or before 07th April, 2024." Shares of Oil India will trade ex-dividend on Monday. Tierra Agrotech: The company has declared a rights issue of equity shares.

In a stock exchange filing, Tierra Agrotech said the Board of Directors declared rights issue of “Fully paid-up Equity Shares of face value of ₹10/- each (“Rights Equity Shares")." According to the stock exchange filing, up to 96,94,041 fully paid-up equity shares of face value of ₹10/- each to be issued and the issue price has beenfixed at “ ₹50/- per Rights Equity Share (including premium of ₹40/- per Rights Equity Share and Face Value of ₹10/- each)." The rights issue size is “ ₹4,847.02 lakhs". Shares of Tierra Agrotech will trade ex-rights on Monday. Tine Agro: The company has declared a bonus issue in the ratio of 1:1 and stock split from ₹10 to ₹1.