Corporate actions this week: L&T, Maruti Suzuki to go ex-dividend, Piramal Pharma right issue and more

There are a host of corporate actions scheduled for this week. L&T, Crisil, Coforge, Maruti Suzuki and Kotak Mahindra Bank will trade ex-dividend, while Piramal Pharma’s rights issue’s ex-date is fixed this week.

The ex-dividend date is when the price of the equity shares of a company gets adjusted for the dividend payout. It is one or two working days before the record date. All the shareholders whose names appear in the company’s list by the end of the record date will be eligible to receive dividends.

Brigade Enterprises (Rs 2/share), EIH Associated Hotels (Rs 5/share) Voltamp Transformers (Rs 60/share) and VRl Logistics (Rs 5/share) will trade ex-dividend on Monday 31st July. Whereas, DB Corp (Rs 3/share), Exide Industries (Rs 2/share), JK Cement (Rs 15/share), Rupa & Company (Rs 3/share), Sharda Cropchem (Rs 3/share) and SRF (Rs 3.6/share) will trade ex-dividend on Tuesday 1st August.

On Wednesday 2nd August, Ador Welding (Rs 17.5/share), Bajaj Consumer Care (Rs 5/share), Crisil (Rs 8/share), Data Pattern (Rs 4.5/share), Hawkins Cookers (Rs 100/share), L&T (Rs 6/share), and Styrenix Performance Materials (Rs 24/share) will trade ex-dividend. Meanwhile, United Breweries (Rs 7.7/share), UPL (Rs 10/share), Bata India (Rs 13.5/share), Coforge (Rs 19/share), Honeywell Automation (Rs 95/share), Maruti Suzuki (Rs 90/share) and Usha Martin (Rs 2.5/share) will trade ex-dividend on 3rd August 2023.

Also, Aditya Birla Sun Life AMC (Rs 5.25/share), Ajanta Pharma (Rs 25/share), Apar Industries (Rs 40/share), Kirloskar Industries (Rs 13.5/share), Berger Paints (Rs 3.2/share), BSE (Rs 12/share) and Kotak Mahindra Bank (Rs 1.5/share), Symphony, Timken India, and Kalyan Jewellers will trade ex-dividend on 4th August 2023.

Kamdhenu Ventures (1:1) on Tuesday, whereas Nintec Systems (4:5) on Thursday will trade ex-bonus.