What corporate actions are happening in India's stock market this December?

This December features interim dividends from Engineers India, a stock split by CAMS, and the demerger of HUL's ice cream business.

When is the record date for Engineers India's interim dividend?

The record date for Engineers India's interim dividend of ₹1 per share is Thursday, December 4.

What is the significance of the HUL demerger?

HUL is demerging its ice cream business, with the new entity Kwality Walls Ltd. becoming part of the Nifty 50 index from December 5.

Home / Business and Economy / Market Buzz: Dividends, Splits, Demergers Heat Up December Trading

Market Buzz: Dividends, Splits, Demergers Heat Up December Trading

1 Dec

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Summary

Engineers India has a record date of December 4 for its interim dividend.
CAMS will undergo a stock split, dividing one share into five.
HUL's ice cream business demerger record date is December 5.

Market Buzz: Dividends, Splits, Demergers Heat Up December Trading

The initial week of December is poised to be dynamic for India's stock markets, driven by a series of corporate actions. Investors should monitor companies like Engineers India, which has set December 4 as the record date for its interim dividend payout of ₹1 per share.

CAMS, a capital markets firm, is scheduled for its first-ever stock split on December 5, consolidating five ₹2 shares from a single ₹10 share. Meanwhile, Hindustan Unilever's demerger of its ice cream division is also effective from December 5, with the demerged entity, Kwality Walls Ltd., to be included in the Nifty 50 index.

These corporate events, alongside other market influences like auto sales and RBI policy, are expected to shape trading activity. While Engineers India shares have seen a 7% increase year-to-date and HUL has gained 6.3%, CAMS shares have experienced a notable decline of 24% in the same period.