Dividend, stock split, rights issue: CRISIL, 4 others to remain in focus

CRISIL, Varun Beverages, and Sundram Fasteners have announced dividends for their respective shareholders, while Avantel has announced a rights issue, and Info Edge (India) has announced stock split

Shares of rating agency CRISIL, Info Edge (India), Varun Beverages, Avantel, and Sundram Fasteners are expected to remain in the spotlight during today's trading session following the announcement of various corporate actions. Among them, CRISIL, Varun Beverages, and Sundram Fasteners have announced dividend rewards for their respective shareholders, while Avantel has announced a rights issue, and Info Edge (India) has decided to split its stock (stock split/subdivision).

 

BSE data suggests that shares of all these companies will trade ex-date tomorrow, Wednesday, April 7, 2025. The ex-date refers to the date when a stock begins trading without the entitlement to dividends, rights issues, or stock splits. This means that on or after this date, the dividend, subdivision (stock split), or rights issue will not be available to a new buyer of the stock. To qualify for these corporate actions, investors must own the stock before the ex-date. The companies will determine the beneficiaries based on the list of investors recorded at the end of the record date.

 

 

That said, CRISIL has announced the highest dividend among them at ₹8 per share. The company has set the record date on May 7 to ascertain shareholder eligibility for the said corporate action. Varun Beverages and Sundram Fasteners have announced interim dividends of ₹0.50 and ₹4.20 per share respectively. Both companies have set the record date on May 7 for the same.

 

Meanwhile, Info Edge (India) has announced the sub-division / split of equity shares of the company, whereby 1 equity share having a face value of ₹10 each, fully paid-up, will be subdivided into 5 equity shares having a face value of ₹2 each, fully paid-up, ranking pari-passu in all respects. The company has set the record date on May 7 for this purpose. 

Company	Ex-date	Purpose	Record date
CRISIL	May 7, 2025	Interim Dividend - ₹ - 8	May 7, 2025
Varun Beverages	May 7, 2025	Interim Dividend - ₹ - 0.50	May 7, 2025
Sundram Fasteners	May 7, 2025	Interim Dividend - ₹ - 4.20	May 7, 2025
Info Edge (India)	May 7, 2025	Stock Split From ₹ 10/- to ₹ 2/-	May 7, 2025
Avantel	May 7, 2025	Right Issue of Equity Shares	May 7, 2025

 

Avantel has announced a Rights Issue of up to 2,02,26,100 fully paid-up equity shares of face value ₹2 each, aggregating up to ₹80.90 crore at an issue price of ₹40 per rights equity share (including a premium of ₹38 per share). The company has set the rights entitlement ratio at 10 rights equity shares for every 121 equity shares held by eligible shareholders as on the record date, with the right to renounce. The record date for the rights issue is May 7, 2025, to determine shareholders entitled to receive the rights entitlement.