Corporate Actions This Week — RailTel, Varun Beverages, United Spirits And More

A host of companies have announced corporate actions, including interim dividends and bonus shares, ahead of their respective record dates next week.

RailTel Corp. of India, United Spirits Ltd., and Varun Beverages 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.

MSTC is a central public sector undertakings under the Ministry of Steel, Government of India. It is involved in diversified e-commerce services.

The company has declared a final dividend of Rs 4.5 per equity share for 2024–25. The record date for shareholder eligibility is set for April 02. The company has previously announced two interim dividends this fiscal.

Shares of the company closed 0.57% higher at Rs 509.90 per share on Friday. The stock has fallen 38.69% in the last 12 months and 24.90% on a YTD basis.

RailTel Corp. has declared an interim dividend of Re 1 per share for the financial year ending March 31. The record date for shareholder eligibility is April 02 and the payment will be made within 30 days of declaration, in line with the Companies Act.

Shares of the company closed 1.41% lower at Rs 303.75 apiece. The stock has fallen 16.82% in the last 12 months and slipped 25.12% on a YTD basis.

The company has announced its fourth interim dividend of Rs 4 per share for 2024–25. The record date for the dividend is April 03 and payment will be made on or before April 21. 

Shares of the company closed 0.36% lower at Rs 1,400 per share on Friday. The stock has fallen 23.54% in the last 12 months and 13.79% on a YTD basis.

Varun Beverages, PepsiCo's largest bottler outside the US, manufactures, bottles and distributes beverages.

The company has declared a final dividend of Rs 0.5 per equity share for 2024–25. The record date for shareholder eligibility is set for April 04. The company has previously announced an interim dividend of Rs 1.25 this fiscal.

Shares of the company closed 0.70% higher at Rs 540.05 per share on Friday. The stock has fallen 3.54% in the last 12 months and 15.48% on a YTD basis.