Dividend, bonus, stock split record date: Shares of Tech Mahindra, Indian Railway Finance Corporation, LTM, ICICI Lombard General Insurance, Modison Limited, Oberoi Realty, etc will remain in focus during Thursday’s trading session due to their upcoming record dates for dividend, stock split, bonus shares.
More than 10 companies have fixed Friday, October 23, as the record date to determine eligibility of shareholders. As the Indian stock market follows the T+1 settlement cycle, investors must own the stock before the record date to qualify for the corporate actions.
Hence, Thursday, October 22, effectively becomes the last day to buy these stocks and become eligible for stock split, bonus or dividend.
360 One WAM Limited, Artemis Electricals and Projects Ltd, Bhansali Engineering Polymers, Garuda Construction and Engineering, HDB Financial Services, IRF, LTM, Modison, Tech Mahindra, etc have fixed Friday, as the record date for interim dividend. Which effectively makes Thursday as the last day for investors to qualify for the payout.
Titan Biotech has fixed Friday as record date for bonus issue in the ratio of 1:4. Whereas, Azad India Mobility Ltd will determine eligibility of shareholders for stock split from ₹10 to ₹2.