CDSL Bonus Shares and Key Corporate Financial Announcements: Share Buybacks, Dividends, and Record Dates for August 2024
CDSL Bonus Shares: As August 2024 progresses, several companies are making headlines with significant financial announcements, including share buybacks, dividend declarations, and record dates. Here’s a comprehensive guide to the upcoming corporate actions that investors should keep an eye on:
1. AIA Engineering: Share Buyback and Dividend Declarations
AIA Engineering, a major player in the engineering sector, has announced a substantial ₹500 crore share buyback program. The company will repurchase shares at a price of ₹5,000 per share. The record date for this buyback has been set for Tuesday, August 20, 2024. In addition, AIA Engineering will also distribute a dividend of ₹16 per share, with the record date for this dividend aligning with the buyback date.
2. Symphony: Premium Buyback Opportunity
Symphony, known for its cooling solutions, is set to execute a share buyback at a 100% premium over its previous closing price. The record date for Symphony’s buyback is Wednesday, August 21, 2024. This move provides an attractive opportunity for investors looking to benefit from a premium repurchase price.
3. Mayur Uniquoters: Upcoming Buyback Record Date
Mayur Uniquoters, a leader in the production of synthetic leather, will conduct its share buyback with the record date scheduled for Friday, August 23, 2024. This buyback aims to enhance shareholder value and optimize the company’s capital structure.
4. CDSL: Bonus Issue Announcement
CDSL (Central Depository Services Limited) has approved a 1:1 bonus issue, rewarding shareholders with additional shares at no extra cost. The record date for this bonus issue is Saturday, August 24, 2024. This bonus issuance reflects the company’s strong performance and commitment to shareholder returns.
5. Dividend Declarations: Key Dates and Amounts
Several companies have also declared dividends with the following record dates:
- Ratnamani Metals and Tubes: Declared a dividend of ₹14 per share. The record date for this dividend is Monday, August 20, 2024.
- Bharat Bijlee: Announced a dividend of ₹35 per share, down from ₹40 per share in 2023. The record date for this dividend is Wednesday, August 21, 2024. Notably, nearly 34% of Bharat Bijlee’s stake is held by small shareholders or those with authorized share capital of less than ₹2 lakh.
- Hindustan Aeronautics: The defense PSU has announced a final dividend of ₹13 per share, with the record date set for Wednesday, August 21, 2024. Shareholders must be registered by this date to receive the dividend.
- Pfizer: The pharmaceutical giant has declared a dividend of ₹35 per share, with the record date scheduled for Wednesday, August 21, 2024.
- ABB India: Alongside its financial results, ABB India has declared a dividend of ₹10.66 per share, with the record date set for Friday, August 23, 2024.
Conclusion
Investors should mark their calendars for these critical dates to ensure they benefit from the announced share buybacks and dividends. Each of these financial actions reflects strategic decisions by the respective companies to return value to their shareholders and adjust their capital structures. Stay tuned for further updates and insights into these developments.
