Corporate Actions This Week: TCS Ex-Dividend, Jai Balaji Industries Stock Split And More
Top corporate actions to watch this week—Jan. 13 to Jan. 17—include Tata Consultancy Services Ltd.'s special and interim dividend, Jai Balaji Industries Ltd.'s stock split, and dividends from PCBL Ltd. and CESC Ltd.
Investors should take note of crucial record dates and deadlines to ensure eligibility for dividends, bonuses, and other corporate benefits.
TCS Dividend
TCS announced last week a third interim dividend of Rs 10 and a special dividend of Rs 66 per equity share. The third interim and the special dividend will be paid on Feb. 3, 2025 to the shareholders of the company, according to the exchange filing on Thursday. The record date for the dividend is set for Jan. 17.
PCBL Dividend
PCBL will give its shareholders an interim dividend of Rs 5.5 per equity share. The ex/record date for the dividend is set for Jan. 16.
CESC Dividend
CESC has announced an interim dividend of Rs 4.5 per equity share. The ex/record date for the dividend is set for Jan. 16.
Jai Balaji Industries
Jai Balaji Industries will split its stock in the ratio of 1:5. One share of face value of Rs 10 will be subdivided into five shares of Rs 2 each. The ex/record date for the dividend is set for Jan. 17.
Kitex Garments
Kitex Garments Ltd. will issue bonus shares in the ratio of 2:1. That means two shares of face value of Rs 1 each will be provided to every one share held. The ex/record date for the dividend is set for Jan. 17.
The deemed date of allotment is Jan. 20. These bonus shares will be made available for trading on the next working date of allotment, that is, Jan. 21.
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