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SUMMARY
From Persistent Systems and Coforge announcing dividends to IGL’s bonus issue and Senco Gold’s stock split, these are some of the important corporate actions lined up for the week.
1 / 10Multiple companies have announced dividends worth up to ₹50 per share post their December quarter results and the record dates for those dividends, bonus issues and stock splits announced earlier fall this week. Here is a look at the companies in focus this time around:
2 / 10Indraprastha Gas | The first among the City Gas Distributors to announce a bonus issue, IGL had declared one free share for every one share held by shareholders last month. The stock is still down 33% from its recent peak of ₹570. Record date for the bonus issue has been fixed as Friday, January 31.
3 / 10Senco Gold | The jewellery company, which had a stellar run in 2024, had announced a stock split, where it would split one share of ₹10 into two shares of ₹5 each. The record date for the stock split is also fixed as Friday, January 31. The stock has corrected over 40% from its peak of over ₹1,500.
4 / 10JBM Auto | The manufacturer of electric buses and other commercial vehicles announced a stock split earlier, where it will split one share of ₹2 into two shares of ₹1 each. Record date for this stock split is Friday, January 31. The stock is down 40% from its peak of over ₹2,400.
5 / 10Mazda | The company had announced the split of one equity share of ₹10 into five equity shares of ₹2 each. The record date for the stock split is Tuesday, January 28.
6 / 10Accelya Solutions | The company recently announced its highest dividend payout on record at ₹50 per share. Over the last two years, the company has paid ₹180 per share as dividend to its shareholders. Record date for this recent dividend payout is fixed as Thursday, January 30.
7 / 10MPS | The company recently declared an interim dividend of ₹33 per share along with its December quarter results. The record date for the same is fixed as Wednesday, January 29.
8 / 10Persistent Systems | One of the three midcap IT companies that outperformed this quarter also announced an interim dividend of ₹20 per share and the record date for the same has been fixed as Friday, January 31.
9 / 10Coforge | Persistent’s peer Coforge also outperformed during the quarter and announced an interim dividend of ₹19 per share, the ninth such instance that the company has done so in the last two years. The record date for this dividend is fixed as Thursday, January 30.
10 / 10Torrent Pharma | The drugmaker recently announced quarterly results and declared an interim dividend of ₹26 per share. The record date for this dividend has been fixed as Friday, January 31.
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