Investors are closely watching Sanofi Consumer Healthcare India and four other companies as they prepare for key corporate actions, including dividends, rights issues, and a stock split, with the ex-date set for Thursday, April 17, 2025.
Key Highlights:
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Sanofi Consumer Healthcare India has declared an interim dividend of ₹55 per share, with April 17 as the record date. Shareholders holding the stock by April 16 will be eligible for this substantial payout, marking a significant reward for investors.
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Akme Fintrade (India) will undergo a stock split, converting each ₹10 share into 10 shares of ₹1 each, making the stock more accessible to retail investors. The record date for this action is April 18.
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Garment Mantra Lifestyle has announced a rights issue worth up to ₹50 crore, offering shares at ₹1.20 each (including a ₹0.20 premium). Eligible shareholders as of April 17 can subscribe in the ratio of 39 rights shares for every 20 held, with an initial payment of ₹0.30 per share.
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Sylph Technologies is launching a rights issue of 48.9 crore shares at ₹1 each, with a 15:11 entitlement ratio. The record date is April 18, and shareholders can renounce their rights if desired.
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Tirupati Tyres will raise up to ₹49 crore via a rights issue, offering two new shares for every one held at ₹10 per share. The subscription window opens April 25 and closes May 19.
These actions are set to drive trading activity and offer fresh opportunities for investors.
Source: Business Standard, Angel One, DSIJ, IPO Watch