&w=3840&q=100)
Trent & 6 others to trade ex-date for dividend, rights issue on June 12
Dividend stocks: Tata Chemicals has declared a final dividend of ₹11 per share, Trend ₹5, Swastik Safe Deposit & Investments ₹1, ICICI Prudential Life Insurance Company ₹0.85 and Avantel ₹0.2
Dividend stocks: Tata Chemicals, Trent, and five other stocks will trade ex-date on Thursday, June 12, 2025, after the respective company declared dividend and rights issues. Investors should note that the ex-date and record date for these stocks are the same, making them a key focus in today's market.
Shares trading ex-date for dividend
Tata Chemicals has declared a final dividend of ₹11 per share, Trend ₹5, Swastik Safe Deposit & Investments ₹1, ICICI Prudential Life Insurance Company ₹0.85 and Avantel ₹0.2, according to corporate action data on BSE.
A final dividend is the last dividend paid by a company for a financial year, declared after the annual financial results are finalised.
Meanwhile, JK Lakshmi Cement has declared a dividend of ₹6.5.
A dividend is a portion of a company's profit that is paid out to shareholders, usually in the form of cash or additional shares.
Rights issue
Ethos proposed a rights issue of 22,77,250 shares of the face value ₹10 each for an aggregate amount not exceeding ₹409 crore on rights basis. Eligible shareholders will receive the benefit in the ratio of 4:43 which means shareholders will get four shares for every 43 shares held on the record date.
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.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
2 hours ago
- Business Standard
Globe Civil Projects sets IPO price band at ₹67-71 to raise ₹119 crore
Globe Civil Projects Ltd, a civil construction and infrastructure development company, on Tuesday said it has fixed the price band at Rs 67-71 per equity share for its forthcoming initial public offering (IPO). The issue will open for subscription on June 24 and will close on June 26, the company said in a statement. The company will fetch about Rs 119 crore at the upper end of the price band. Its shares will be listed on BSE and NSE. The funds will be raised through entirely fresh issuance of shares up to 16,760,560 equity shares of face value Rs 10 each, it said. Globe Civil Projects Ltd intends to utilise Rs 75 crore of the IPO proceeds for funding working capital requirements, Rs 14.26 crore for capital expenditure towards the purchase of construction equipment/machinery, while the remaining funds will be used for general corporate purposes and issue expenses, it added. For the nine months ended December 31, 2024, Globe Civil Projects posted a revenue from operations of Rs 254.65 crore and a profit after tax of Rs 17.78 crore. The company has successfully completed 37 projects over the last two decades and is currently managing 13 ongoing projects across key infrastructure segments, working with reputed clients nationwide. As of March 31, 2025, the company's consolidated order book stood at Rs 669.10 crore, reflecting a pipeline of ongoing and upcoming projects. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Mint
2 hours ago
- Mint
NSE gets an edge as Sebi allows it to shift weekly options expiry to Tuesday, BSE to Thursday
Mumbai: The National Stock Exchange is set to shift its weekly expiry for Nifty options from Thursday to Tuesday after getting the regulatory approval, giving it an opportunity to claw back share lost to rival BSE Ltd. BSE, which had moved its Sensex options expiry to Tuesday from Friday earlier this year, has opted to shift it to Thursday, the exchange said in a notice citing communication with the Securities and Exchange Board of India (Sebi). Sebi's 26 May circular requires stock exchanges to designate a single expiry day—either Tuesday or Thursday—for all equity derivative contracts, including weekly, monthly, quarterly and semi-annual expiries. NSE submitted a formal request to the regulator to move its Nifty weekly options expiry to Tuesday. Sebi has since communicated its approval via email, which NSE confirmed and outlined a phased transition in a circular released on Tuesday. Existing contracts will retain their current expiry day (Thursday), except for long-dated index options, which will be realigned per standard market practice, said the exchange in the circular. New contracts expiring on or before 31 August 2025 will continue to expire on Thursdays. Contracts expiring on or after 1 September 2025 will shift to Tuesday expiries. Monthly contracts will expire on the last Tuesday of the month from that date. Similarly, BSE's existing contracts will retain their expiry days, except for long-dated index options. Contracts expiring on or before 31 August 2025 will continue with the existing Tuesday expiry. Contracts expiring on or after 1 September 2025 will move to a Thursday expiry. Monthly contracts, starting September, will expire on the last Thursday of the month. In addition, no fresh weekly contracts on index futures will be introduced from 1 July 2025 onward. Sebi's circular also mandates that exchanges obtain prior approval for any future changes in expiry days and update their systems and bylaws accordingly. Weekly options trading is a key business for an exchange. Transaction charges contributed half of NSE's standalone revenue of ₹ 5,860 crore in the last quarter of the previous fiscal. Equity options contributed close to 76% of the ₹ 2,939 crore transaction charges, with cash and equity futures contributing the rest. BSE's earlier shift to Tuesday helped it gain traction in index derivatives, with its market share rising to 12.6% in the April–June 2025 period from just 3.1% a year earlier, according to data reviewed by Mint. NSE's market share of equity options based on premium turnover was 80% as of the end of April, down from 92.8% a year ago, according to the bourse's data. Analysts say NSE's move to Tuesday could help it claw back up to 5% market share in index options, potentially eroding BSE's recent gains. Under the current setup, BSE-listed options see volumes spread across Friday, Monday and Tuesday. A shift to Thursday would compress activity to Wednesday and Thursday, possibly affecting liquidity. "Earlier, BSE had an extra day of volume accretion, now NSE will get that," said Dinesh Thakkar, chairman & MD, Angel One." This will add to NSE's premium turnover and give a leg up to its transaction fees, in turn boosting its standalone revenue." NSE continues to dominate the derivatives segment, with over 75% share across both index and stock options. BSE's share in index options, however, has steadily grown—from 11.3% during April–September 2024 to 19.4% between October 2024 and June 2025. NSE had earlier planned to move all expiries to Monday from 4 April but deferred the plan pending regulatory clarity. With the Sebi circular now in place and both exchanges having finalized their expiry days, implementation of the revised framework is set to begin later this year.
Time of India
3 hours ago
- Time of India
Derivatives expiry shuffle gets Sebi nod: NSE to shift to Tuesday, BSE to take Thursday from September 1
The National Stock Exchange ( NSE ) and BSE will swap their weekly derivatives expiry days starting September 1, after receiving approval from the Securities and Exchange Board of India (Sebi). NSE will move to Tuesday expiries, while BSE will shift to Thursday. The change comes as part of Sebi's directive to standardize equity derivatives expiries to only two days of the week — Tuesdays or Thursdays — aimed at avoiding congestion at the start or end of the trading week. In circulars issued on Monday, both exchanges confirmed that Sebi had agreed to their proposed expiry day preferences. 'Sebi has agreed to the expiry day proposed by NSE i.e. Tuesday,' NSE stated, while BSE also confirmed, 'Sebi has agreed to the expiry day proposed by BSE (i.e. Thursday).' The revised expiry schedule will apply to new equity derivatives contracts expiring on or after September 1, 2025, reported PTI. Contracts already introduced — including those set to expire before that date — will continue to follow their current expiry schedules. However, the exchanges clarified that long-dated index options contracts may be realigned to match the new expiry format where necessary. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like USDJPY đang đi lên không? IC Markets Đăng ký Undo To facilitate a smooth transition, both NSE and BSE are expected to release detailed operational guidelines in the coming weeks. The regulatory shift follows Sebi's May announcement formalising the expiry framework. The capital markets regulator had first floated the proposal in March through a consultation paper recommending that expiries across exchanges be restricted to Tuesdays or Thursdays, rather than Mondays or Fridays. In response to the consultation, NSE deferred an earlier plan to move all index and stock derivative expiries to Monday — a transition that was initially scheduled for April 4, 2025 — until further notice. Any change in expiry or settlement dates for derivatives contracts will require prior Sebi approval, the regulator said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
