The upcoming week is set to witness significant market activity as several prominent companies, including Mazagon Dock Shipbuilders, Vedanta, and Aayush Wellness, prepare for key corporate actions. From dividend payouts and stock splits to bonus issues and rights offerings, here’s a closer look at the events shaping the market landscape:
Vedanta: Fourth Interim Dividend
Vedanta has declared a substantial fourth interim dividend of ₹8.5 per equity share (face value ₹1) for FY 2024-25. This results in a payout of approximately ₹3,324 crores. Shareholders on record as of Tuesday, December 24, 2024, will be eligible, with payments following regulatory timelines.
Mazagon Dock Shipbuilders: Stock Split
The state-owned Mazagon Dock Shipbuilders will split its equity shares from a face value of ₹10 to ₹5 each, effectively doubling the number of shares. The record date for this stock split is Friday, December 27, 2024.
Aayush Wellness: Bonus Issue
Aayush Wellness has announced a 1:2 bonus issue, offering one bonus share for every two held. The record date for this move is Thursday, December 26, 2024. Notably, the company is under Enhanced Surveillance Measure (ESM – Stage 2) and Graded Surveillance Measure (GSM – Stage 0) on the BSE.
Bharat Global Developers: Double Corporate Action
Bharat Global Developers will issue an 8:10 bonus (8 shares for every 10 held) and execute a stock split, converting ₹10 equity shares into ten ₹1 shares. Both actions are scheduled for Thursday, December 26, 2024, as the record date. The company is under Additional Surveillance Measure (ASM – Stage 4).
Evans Electric: 1:1 Bonus Issue
Evans Electric is set to double shareholder holdings by issuing bonus shares in a 1:1 ratio. The record date for this bonus issue is Thursday, December 26, 2024. Evans Electric is currently under Additional Surveillance Measure (ASM – Stage 1).
NMDC: 2:1 Bonus Share Issue
NMDC will issue two bonus shares for every one existing share, with a record date of Friday, December 27, 2024. This move will result in the issuance of over 586 crore new equity shares.
Anupam Finserv: Rights Issue
Anupam Finserv will offer a rights issue of over 11.5 crore equity shares at ₹1.75 per share, including a ₹0.75 premium. Shareholders on record as of Friday, December 27, 2024, are eligible.
Dhanlaxmi Bank: Rights Issue
Dhanlaxmi Bank’s ₹21-per-share rights issue opens on January 8, 2025, and closes on January 28, 2025. The record date for this offering is December 27, 2024.
Investor Takeaway
With significant corporate actions on the horizon, investors should monitor record dates closely to capitalize on these opportunities. From hefty dividend payouts to share structure adjustments, this week promises plenty of market excitement.
