The upcoming week will be light when it comes to corporate action, featuring a small list of companies that have declared dividends, right issue and bonus issues.
This week, the market will focus on 5paisa Capital Ltd. and Metropolis Healthcare Ltd. Right issue of equity shares and a dividend from DIC India Ltd. Investors should also note the significant bonus issue from Metropolis Healthcare Ltd.
Investors eyeing dividend payouts or corporate action benefits must closely monitor these dates to ensure eligibility. To be eligible for dividends, investors should note the record date that determines shareholder eligibility. The ex-dividend date, which typically precedes the record date, is when the share price adjusts to reflect the upcoming payout.
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Here is a look at the companies with key corporate actions scheduled for the week of ended March 20:
Dividends and Right Issue
- DIC India Ltd. to trade ex-dividend on March 16 for its interim dividend.
- While 5paisa Capital Ltd. will trade ex-date for right issue on March 17, Maha ashtray Apex Corporation Ltd. will trade ex-date on March 20.
Bonus Issue
- Metropolis Healthcare will trade ex-date on March 20 for a Bonus issue in the ratio of 3:1.
To be eligible for a bonus issue, investors should pay attention to the record date.
The company announces this date in advance, and only those who hold the shares in their demat account as of this record date are eligible for the bonus allotment. Under India's T+1 settlement cycle, investors must buy the shares at least one trading day before the record date to be eligible.
This means that purchases made on the record date itself will not reflect in the demat account in time.
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