Corporate Action This Week — HCLTech, ABB India, Tanla Platforms, 360 One WAM
A bunch of companies have announced corporate actions, including dividends and bonus issue, ahead of their respective record dates next week.
HCL Technologies Ltd., ABB India Ltd. and Tanla Platforms Ltd. are some of the companies set to issue dividends to their stakeholders. To be eligible for dividends, investors should take note of the record date, which determines shareholder eligibility.
Under India's T+1 settlement cycle, shares purchased on the record date itself will not qualify for the dividend payment. The ex-dividend date, which falls before the record date, marks when the share price adjusts to reflect the upcoming payout.
Here is a look at companies that declared interim dividends and bonus issues and have key dates coming up this week.
HCLTech
HCLTech is one of the leading information technology consulting companies of India. The company has announced an interim dividend of Rs 18 per share and the record date to determine the eligible shareholder is set for April 28.
Shares of the company closed 0.54% lower at Rs 1,578.20 per share on Friday.
ABB India
ABB India undertakes engineering, and construction projects and produces heavy engineering and industrial equipment.
The company has declared a final dividend of Rs 33.5 per share and the record date for the same is set for May 3. Shares of the company closed 3.33% lower at Rs 5,499 per share on Friday.
360 One WAM
360 One WAM Ltd. is a financial services provider, offering specialised solutions in the field of asset and wealth management. The company has declared an interim dividend of Rs 6 per share and the record date for the same is set as April 29.
Shares of the company closed 4.57% lower at Rs 971.70 per share on Friday.
Captain Technocast Ltd.
The Gujarat-based firm specialises in manufacturing, exporting and supplying high-quality castings for industrial, automotive, engineering, aerospace and defence sectors.
The company announced a 1:1 bonus share issue, with the record date set for April 29. Shares of the firm closed flat at Rs 501 per share on Friday.
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