Stories
Six Companies Set for Key Corporate Actions This Week: Dividends, Bonus, Rights Issue
- •Six companies – Aastha Spintex Ltd., Indraprastha Gas Ltd., SAIL, Natco Pharma, Saraswati Saree Depot, and R Systems International – have record dates for corporate actions this week.
- •IGL, SAIL, Saraswati Saree Depot, and R Systems International will trade ex-dividend, while Aastha Spintex will trade ex-bonus.
- •Natco Pharma has a record date for its rights issue, aiming to raise ’1,279 crore.
- •Aastha Spintex announced a 1:1 bonus issue with a record date of September 28, making shareholders eligible for one bonus share for every share held.
- •SAIL declared a final dividend of ’2.35 per share, IGL announced ’1.5 per share, Saraswati Saree Depot will pay ’3 per share, and R Systems International declared an interim dividend of ’8 per share.
Key Questions Answered
Aastha Spintex Ltd. has fixed Monday, September 28, as the record date for its 1:1 bonus issue. Shareholders holding shares in their demat account on the preceding Friday will receive one bonus share for every one share they held.
SAIL, Indraprastha Gas Ltd. (IGL), Saraswati Saree Depot, and R Systems International are trading ex-dividend or setting record dates for dividends this week. SAIL and Saraswati Saree Depot have their record dates set for September 30, while IGL and R Systems International have theirs set for October 1.
Natco Pharma's board approved a rights issue valued at ₹1,279 crore, with the record date fixed for Thursday, October 1. Shareholders holding shares of the company as of September 30 will be eligible to participate in this rights issue.
