&w=3840&q=100)
Dividend, stock split: Asian Paints, Indian Bank & 3 others to go ex-date
Dividend stocks: Asian Paints, Indian Bank and 3 others will be in focus today as they will trade ex-date on Tuesday, June 10, 2025. In the light of recent announcements regarding corporate action such as dividends, bonus issues, and rights issues, drawing attention from investors. It should be noted that the record date and ex-date for the mentioned stocks are the same.
Shares trading ex-date for final dividend
Asian Paints has declared a final dividend of ₹20.55 per share, Indian Bank ₹16.25, Johnson Controls-Hitachi Air Conditioning India ₹15, and Tata Investment Corporation ₹27 per share, according to corporate action data on BSE.
A final dividend is the amount given by a company to its shareholders after the end of its financial year, based on its full-year profits, and approved by shareholders at the Annual General Meeting (AGM).
Catch Stock Market Updates Today LIVE
Stock split
Apart from that, Vesuvius India will trade ex-date for its stock split of 1:10 ratio. The shareholders will receive 10 equity shares of ₹1 each, fully paid-up, for 1 equity share of ₹10 each, fully paid-up, held by them as on the "record date", upon subdivision/split.
The ex-date (or ex-split date) is the date on or after which a stock trades without the value adjustment for a stock split.
The ex-date marks the day a stock starts trading without the eligibility for dividends, bonus shares, stock splits, or rights issues. This means that investors who purchase the stock on or after the ex-date will not be entitled to these benefits. To be eligible, an investor must hold the stock before the ex-date. However, the final list of beneficiaries for dividends, stock splits, or rights issues is prepared by the company based on shareholders recorded at the close of the record date.
Will investors be eligible to receive dividends, stock splits, or bonus shares if they purchase shares on the ex-date or record date?
No, they won't be eligible for dividends, stock splits, or bonus shares if they buy the stock on the ex-date or record date. To qualify, one must purchase the shares at least one trading day before the ex-date, due to the T+1 settlement cycle in India.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
40 minutes ago
- Time of India
Integrum Energy and Connplex Cinemas receive regulatory nod for IPOs
Integrum Energy Infrastructure and Connplex Cinemas received regulatory approvals to move ahead with their respective initial public offerings (IPOs). Integrum Energy Infrastructure IPO gets BSE approval Integrum Energy Infrastructure has received clearance from the BSE. The company plans to raise funds through a fresh issue of up to 49.50 lakh equity shares, along with an offer for sale of up to 5.40 lakh shares, bringing the total issue size to up to 54.90 lakh equity shares, each with a face value of Rs 10. The company will use the IPO proceeds to meet working capital requirements, invest in its subsidiary Integrum Green Assets Private Limited for setting up a solar power plant for commercial and industrial (C&I) customers, fund acquisitions, and for general corporate purposes. Beeline Capital Advisors Private Limited is the Book Running Lead Manager and Integrated Registry Management Services Private Limited is the Registrar to the issue. Founded in 2021 and headquartered in Bengaluru, Integrum Energy provides customized clean energy solutions in the solar, wind, and hybrid segments. The company is currently developing a solar project in Karnataka. For the year ending March 31, 2024, it reported revenue of Rs 233.24 crore, EBITDA of Rs 20.76 crore, and profit after tax (PAT) of Rs 15.15 crore. Live Events Connplex Cinemas approved by NSE Emerge Connplex Cinemas Limited has received in-principle approval from NSE Emerge for its IPO comprising a fresh issue of up to 51 lakh equity shares of Rs 10 each. The proceeds will be used to purchase a corporate office, acquire LED screens and projectors, and meet working capital and general corporate needs. Connplex operates under the brand name 'CONNPLEX' and focuses on bringing luxury cinema experiences to Tier 2, 3, and 4 cities. The company features recliner seating, advanced AV systems, and operates revenue streams through ticketing, food and beverages, advertisements, and private events. Beeline Capital Advisors is the Book Running Lead Manager and MUFG Intime India Private Limited is the Registrar to the issue. For the year ending March 31, 2024, Connplex posted revenue of Rs 60.30 crore, EBITDA of Rs 6.19 crore, and PAT of Rs 4.09 crore. For the half-year ending September 30, 2024, revenue stood at Rs 40.69 crore, EBITDA at Rs 12.83 crore, and PAT at Rs 9.61 crore.

Mint
an hour ago
- Mint
Reliance Industries offloads 3.5 crore shares in Asian Paints worth over ₹7,700 crore
Reliance Industries Limited (RIL) has pared its holding in Asian Paints by offloading 3.5 crore shares, marking a significant exit from one of India's leading blue-chip companies. The sale, conducted through its wholly owned subsidiary Siddhant Commercials Limited, fetched ₹ 2,201 per share—translating into a total deal size of ₹ 7,703.5 crore. The transaction, carried out via block deals in the pre-market session on Thursday, saw approximately 3.64 percent of Asian Paints' equity change hands. RIL still retains a minority stake of 87 lakh shares in the paint maker after this sale, which falls under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements (LODR). Reliance had acquired its stake in Asian Paints back in January 2008, investing ₹ 500 crore during the global financial crisis. That strategic bet paid off handsomely, as the shareholding appreciated significantly over the years, although the stock has underperformed in recent times. Asian Paints' shares have declined by 17 percent over the past three years, making it one of the weakest performers among Nifty blue chips. Analysts attribute the erosion to intensified competition, particularly from Aditya Birla Group's new entrant, Birla Opus Paints. According to Elara Securities, Asian Paints' market share has fallen from 59 percent to 52 percent in FY25—a significant loss in a highly competitive market. This underperformance is compounded by revenue stagnation, with the company reporting subdued growth over four consecutive quarters. Despite falling raw material costs, gross margins have compressed due to rising rebates and aggressive pricing by competitors. In a recent investor call, CEO Amit Syngle acknowledged the pressure, stating that the company would need to take 'calibrated action' to defend its leadership. The block trade has reshuffled the shareholding dynamics of Asian Paints. As of March 2025, Siddhant Commercials held a 4.9 percent stake, much of which has now been liquidated. Domestic mutual funds continue to maintain a significant presence, collectively holding a 5.67 percent stake. ICICI Prudential and SBI Mutual Fund hold 1.24 percent and 1.51 percent, respectively. Meanwhile, the Life Insurance Corporation of India (LIC) remains the largest public shareholder in Asian Paints with an 8.29 percent stake. Retail investors too hold a meaningful share—11.84 percent—spread across 11.73 crore small shareholders with holdings under ₹ 2 lakh. Brokerages have turned cautious. Nuvama Institutional Equities recently downgraded Asian Paints, cutting its FY26–FY27 earnings estimates by 6–8 percent. The brokerage sees only a 7.2 percent compound annual growth rate in earnings per share through FY28. It has trimmed the stock's target price to ₹ 2,200—just around the price at which Reliance exited—and assigned a valuation of 45x forward earnings, nearly 20 percent lower than the 10-year average.
&w=3840&q=100)

Business Standard
2 hours ago
- Business Standard
RIL sells Asian Paints shares worth ₹7,703 crore via block deal
Reliance Industries Limited (RIL), through its subsidiary Siddhant Commercials Limited, on Wednesday sold 35 million equity shares of Asian Paints at ₹2,201 per share. The total deal is valued at approximately ₹7,703.5 crore. According to an exchange filing by the company, the shares were sold at ₹2,201 apiece. Post-sale, RIL continues to hold 8.7 million equity shares in Asian Paints. Change in Asian Paints shareholding structure Prior to the transaction, Siddhant Commercials held a 4.9 per cent stake in Asian Paints as of March 2025. A substantial part of that has now been offloaded, altering the company's overall shareholding pattern. The identities of the buyers involved in the block deal have not yet been disclosed. Despite RIL's partial exit, Asian Paints remains widely held by institutional investors. Domestic mutual funds collectively hold around 5.67 per cent of the company's equity, with ICICI Prudential Mutual Fund and SBI Mutual Fund owning 1.24 per cent and 1.51 per cent, respectively. LIC, retail investors among top stakeholders The Life Insurance Corporation of India (LIC) remains the largest public institutional investor in Asian Paints, with an 8.29 per cent stake, according to data reported by Mint. Retail investor participation is also strong. Roughly 11.84 per cent of Asian Paints' shares are owned by 1.17 crore small investors, each with holdings valued at less than ₹2 lakh. Shares of Reliance Industries closed at ₹1,439.60 apiece on the BSE at Thursday's market close, while Asian Paints ended the session at ₹2,218.05.