Infosys turns ex-bonus, ex-dividend today
.jpg)
Shares of Infosys were trading flat at Rs 990 on the Bombay Stock Exchange (BSE), after the stock turned ex-bonus today in the ratio of 1:1.
The stock hit a high of Rs 995 and a low of Rs 969 on the BSE. Till 0935 hours, a combined 497,802 shares changed hands on the counter on the NSE and BSE.
The board of directors of the information technology company at its meeting held on April 24, 2015, had recommended the issue of bonus shares in the ratio of 1:1 i.e. one equity share for every one equity share held.
The board had also recommended a final dividend of Rs 29.50 per equity share (equivalent to Rs 14.75 per share after 1:1 bonus issue) for the financial year ended March 31, 2015, it added.
The company has fixed June 17, 2015 as record date for the purpose of ascertaining the entitlement of the members for the issue of bonus shares and final dividend. Bonus shares are free shares given to the existing shareholders of a company.
Other Latest News
.webp)
Public sector banks' cumulative profit crossed Rs 1.4 trillion in the financial year ended March 2024, recording a growth of 35 per cent over the previous year on a high base of Rs 1 trillion.
The 12 Public Sector Banks (PSBs) together had earned a net profit of Rs Rs 1,04,649 crore in 2022-23.
.webp)
Shares of Vedanta hit 14-year high of Rs 438.30, surging 6 per cent on the BSE in Tuesday’s intra-day trade amid heavy volumes after the company said its board will meet on Thursday, May 16 to consider fund raising plan. The board will also consider first interim dividend on equity shares, if any, for the financial year 2024-25.
Currently, Vedanta is trading at its highest level since May 2010. The stock had hit a record high of Rs 494.30 on April 8, 2010. In past two months, the market price of Vedanta has appreciated by 75 per cent.
.webp)
Quant Money Managers has got the banking regulator's approval to acquire an aggregate holding of up to 9.98 per cent of the paid-up share capital or voting rights in RBL Bank within May 12, 2025.
The stake can be acquired through various schemes of Quant Mutual Fund, a subsidiary of the investment management firm. As of May 10, Quant Money held 4.68 per cent of RBL Bank's equity share capital.
.webp)
Food tech major Zomato on Monday said its subsidiary Zomato Payment Pvt Ltd (ZPPL) has decided to voluntarily surrender the certificate of authorisation it obtained from the Reserve Bank to operate as an online payment aggregator.
"At Zomato, we do not see ourselves having a significant competitive advantage against the incumbents in the payments space and hence we don't foresee a business in payments space as commercially viable for us, at this stage.
.webp)
Senior BJP leader and former Bihar Deputy Chief Minister Sushil Kumar Modi passed away at the age of 72 on Monday, said the Bihar unit of BJP.
Modi had in April this year revealed that he was suffering from cancer and that he would not contest the 2024 Lok Sabha elections due to his poor health.
.webp)
.webp)
.webp)
.webp)
.webp)
