Dividend shares: Shares of Ashok Leyland Ltd, Iykot Hitech Toolroom Ltd, Shiva Cement Ltd, and Sunrise Efficient Marketing Ltd will be in focus when the stock market opens on April 3 (Wednesday).
The Board of Directors of the 4 companies declared an interim dividend, rights issue and bonus for their eligible shareholders.
The record date for the 4 companies to ascertain the eligibility of shareholders for their respective issues was set on April 3rd.
ALSO READ: Nifty April series outlook: 4 stocks where investors can park their money; do you own
Interim Dividend
Ashok Leyland: The company declared an interim dividend of ₹4.95 per share of stock.
In a stock exchange filing, Ashok Leyland said: “The Board of Directors of the Company, in its meeting held today, declared an Interim Dividend of ₹4.95 per share of Re 1 each, for the financial year ending 2023-24.”
“In addition, as stated vide letter dated March 20, 2024, the Record date for determining the Members eligible to receive an Interim Dividend is Wednesday, April 3, 2024. The said interim dividend would be paid, on or before the 23 a of April 2024,” it added.
Shares of Ashok Leyland will trade ex-dividend on Wednesday.
A rights issue
Iykot Hitech Toolroom: The company has declared a rights issue of fully paid equity shares.
According to a stock exchange filing by Iykot Hitech Toolroom, up to 1.41 crore fully paid up equity shares of face value of ₹ each is to be issued in the question of rights.
ALSO READ: More stock market news
The issue price was set at ₹7 per right-share (including a premium of ₹2 per right-share share and nominal value of ₹5 each). The size of the rights problem is ₹ 993.72 lakhs.
Shiva Cement: The company has declared a rights issue of equity shares.
In a stock exchange filing, Shiva Cement said the Board of Directors approved the “issue of fully paid equity shares of the Company (the “Rights Equity Shares”) for an amount added up to. ₹ 400 crores per rights issue (“Rights Issue”).”
A total of 10 crore equity shares each on a fully paid up basis to be issued in the rights issue.
The rights issue price was set at ₹ 40 per right share.
Shares of Iykot Hitech Toolroom and Shiva Cement will trade ex-rights on Wednesday.
Bonus Issue
Sunrise Effective Marketing: The company declared a bonus in the ratio of 1:2.
Shares of Sunrise Efficient Marketing will trade ex-good on Wednesday.
Unlock a world of Perks! From insightful newsletters to real-time stock tracking, breaking news and a personalized news feed – it’s all here, just a click away! Login Now!
Catch all Business News, Market News, News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More or less
Published: 03 Apr 2024, 06:09 IST