A total of 12 stocks, including IRCTC, Bosch, Cochin Shipyard, Balrampur Chini Mills and Torrent Pharma, will convert to ex-dividend today. IRB Infra will split today. Mahindra CIE Automotive will announce its quarterly results later in the day. The boards of Visaka Industries and Salasar Exteriors and Contour will consider share split proposals, while JL Morison's (India) will consider delisting shares today.
IRCTC shares would become ex-dividend today. IRCTC had announced an interim dividend of Rs 2.5 per share. Its registration date is today. The dividend will be paid on March 11.
Bosch shares would become ex-dividend today. Bosch had announced an interim dividend of Rs 200 per share. Today is also the record date for the same. The dividend will be paid on March 16.
Cochin Shipyard shares would become ex-dividend today. Cochin Shipyard had announced an interim dividend of Rs 7 per share. Today is also the registration date of the same. The dividend will be paid on March 12.
Torrent Pharma shares would become ex-dividend today. Torrent Pharma had announced an interim dividend of Rs 9 per share and a special dividend of Rs 13 per share. Today is also the record date for the same. The two dividends will be paid on March 16.
Oil India (Rs 10 per share), Tide Water Oil (Rs 10 per share), MSTC (Rs 6.30 per share), Balrampur Chini (Rs 2.50 per share), Goldiam International (Rs 2 per share), DCM Shriram (1 per share) would also become ex-dividend today. Hercules Hoists (Re 0.50 per share) and United Drilling Tools (Re 0.60 per share) are the two remaining shares that would become ex-dividend today.
IRB Infra shares will be divided from a par value of Rs 10 into shares with a par value of Re 1 each. The company said the stock split is being done to improve liquidity in the capital market, broaden the shareholder base and make shares more affordable for small investors.
In a February 6 filing, IRB Infra said: "We wish to inform you that the Company has set Wednesday, February 22, 2023 as the 'Record Date' for the purpose of determining shareholder eligibility for purposes of subdivision/splitting of each 1 (one) share of capital with a par value of Rs 10/- (Ten Rs. only) each, fully paid up into 10 (ten) shares of capital with a par value of Rs. 1 (Rs. one) each fully disbursed -up, as approved by the shareholders by Postal Ballot on February 6, 2023.โ
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