Tata Motors Demerger and Other Corporate Actions
Today marks the ex-date for several listed companies, including Tata Motors, which will undergo a demerger, as well as other companies that will have stock splits and right issues.
The ex-date is the day when a stock starts trading without the value of its upcoming corporate benefit, such as a dividend, bonus, split, or right issue.
- Investors who buy shares on or after the ex-date will not be eligible for the announced benefits.
- The right issue of equity shares allows existing shareholders to purchase additional shares at a discount, helping the company raise capital for growth and expansion.
- Energy Infrastructure Trust (InvIT) will trade ex-date for income distribution.
Those buying shares on or after the ex-date will not be entitled to the announced rights, dividends, or other benefits.
Author's summary: 6 stocks turn ex-date today.
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