Hindustan Zinc, this Ramesh Damani portfolio stock to go ex-dividend
Three stocks—Hindustan Zinc, Panama Petrochem, and Indian Toners & Developers—will start trading ex-dividend on Wednesday. The combination of Mindtree and LTI ends today as well. After getting NCLT permission, Mindtree and LTI began operating as a consolidated entity as of November 14.
Today is the ex-dividend day for Hindustan Zinc. A 15.50 rupee interim dividend per share had been declared by the corporation. The dividend will be paid on December 16 after the record date for the same is November 24.
The dividend on Panama Petrochem will expire today. A 6.75 rupee interim dividend had been declared by the firm. The dividend will be paid on December 14 after the record date of November 24. Veteran investors Ramesh Damani and Anil Goel are among the company’s public shareholders. As of September 30, Anil Kumar Goel owned 7,60,000 shares, or 1.52%, of this corporation. On the other side, as of the end of September, Ramesh Damani owned 6,36,379 shares, or 1.27 percent, of the corporation.
Additionally, Indian Toners & Developers shares will stop paying dividends. The record date for this company’s interim dividend, which is worth Rs 3.5 per share, is November 24. It will be paid as a dividend on dec 10.
The merger of LTI and Mindtree, which was set to take effect today, was previously announced in May. The corporation officially began operating as a single entity on November 14th. As part of the merger, 73 shares of LTI were to be distributed to each Mindtree shareholder for every 100 Mindtree shares. L&T, the combined entity’s parent business, owns 68.73% of it. November 24 has been set as the record deadline to identify Mindtree stockholders who are entitled to receive equity shares of LTI under the scheme.
Today’s board meeting of Naysaa Securities will be used to discuss a bonus issue proposal. A proposal for a preferential share offering will be considered by the board of Veerhealth Care.
In the F&O segment today, no stocks are prohibited. When a security’s derivative contracts exceed 95% of the market’s position limit, they are prohibited (MWPL). The derivative contracts for the aforementioned security are not open to new positions. When open interest in the stock falls below 80% of the MWPL across exchanges, this restriction is lifted.
Inox Green Energy will debut on the market on Wednesday after selling its initial public offering (IPO) from November 11 to November 15. The wind power operation and maintenance service provider’s listing ceremony will be held at BSE. According to what the grey market premium (GMP) predicts, the stock’s listing will most likely be subdued.