Dividend, Stock Split Alert: Record date for ₹117 payout, amalgamation, spin-off this week – CNBC TV18
From the Rane Group amalgamation to Sanofi India’s triple-digit dividend payout, these companies will have their record date this upcoming week.
1 / 8Companies that recently announced dividends, stock splits, mergers and de-mergers will be having their respective record dates as India’s equity markets see a full trading week after two truncated ones. Lets take a look at the companies that will be in focus due to their respective corporate actions this week.
2 / 8Ami Organics | The company had announced a stock split earlier, where it will split one share of face value of ₹10 into two shares of face value of ₹5 each. The record date for this stock split has been fixed as Friday, April 25.
3 / 8Sanofi India | The MNC Pharma company announced a final dividend of ₹117 per share, which is similar to what they had announced last year as well. The record date for this triple-digit payout is also Friday, April 25.
4 / 8Sterlite Tech | Sterlite Technologies Ltd. has completed the demerger of its global services business, which will be spun off into STL Networks Ltd. under the brand name “Invenia”. Sterlite Tech shareholders will get one share of STL Networks for every one share they hold of the listed entity. Record date for this spin-off has been fixed as Thursday, April 24.
5 / 8Rane Engine Valve & Rane Brake Lining | In February last year, the Rane Group had announced the merger of Rane Brake Lining and Rane Engine Valve into Rane (Madras) Ltd. Under this, Rane Brake Lining shareholders will get 21 fully paid-up equity shares of Rane Madras Ltd. for 20 shares of Rane Brake Lining. Shareholders of Rane Engine Valve will get nine shares of Rane Madras Ltd. for every 20 shares they hold. The record date for both the companies for this amalgamation, has been fixed as Tuesday, April 22.
6 / 8CIE Automotive India | The company had announced a final dividend of ₹7 per share and the record date for this has been fixed as Wednesday, April 23.
7 / 8Elantas Beck India | The company had announced its final dividend of ₹7.5 per share and the record date for this payout has been fixed as Wednesday, April 23.
8 / 8Schaeffler India | The company has announced its highest payout of ₹28 per share and the record date for this has also been fixed as Wednesday, April 23.
