Dividends, stock splits, bonus issues, buybacks and rights issues explained
What each corporate action is, how it works, what record date and ex-date mean, and what changes and what does not, with illustrative numbers and no view on any company.
What each corporate action is, how it works, what record date and ex-date mean, and what changes and what does not, with illustrative numbers and no view on any company.
Rajesh Power Services announced on 4 November 2026 that it received a turnkey order worth ₹1,628.74 crore, including taxes, from Dakshin Gujarat Vij Company Ltd (DGVCL) to convert overhead power lines to underground cables over 24 months.
Shareholders on the CAMS register on 13 November 2026 are eligible for an interim dividend of ₹3.25 per share, payable on or before 27 November. Q2 FY27 consolidated profit was ₹13,066 lakh.
Fabtech Technologies Cleanrooms reported ₹35.60 crore of new consolidated orders for September 2026 and an order book of ₹468.18 crore at 30 September, according to two news reports of its monthly update.
Vedanta's board approved a first interim dividend of ₹5 per share for 2026-27, about ₹1,955 crore in total. Shareholders on the company's books on the 14 October 2026 record date are eligible.
Ola Electric Mobility's ₹999.74 crore rights issue is priced at ₹27 a share, with 2 new shares for every 25 held on the 13 October 2026 record date. Issue opens 22 October and closes 30 October.
Transrail Lighting told the exchanges on 6 October 2026 it secured ₹412 crore of new transmission and distribution orders, mainly power-line reconductoring. Order intake for the year is ₹2,021 crore. The filing does not name the customers or give execution periods.
A clause-by-clause comparison of three ways a listed company issues new shares under SEBI's ICDR Regulations, 2018 (text amended up to 21 March 2026): who may subscribe, the price rule, and the restrictions on selling.
A regulation-level walk through SEBI's takeover rules: what obliges an acquirer to make an open offer, the parameters that set the minimum offer price, and the timetable from announcement to payment.
A clause-by-clause walk through the SEBI Buy-Back Regulations, 2018 (amended to 6 July 2026) and a real letter of offer: record date, the reserved category, entitlement ratios and how acceptance is worked out.
TCI's board approved a tender-offer buyback of 15,62,500 shares at ₹960 each, worth ₹150 crore, on 29 September 2026. Record date is 9 October; promoters will not participate. The board also cleared a China subsidiary.
Both increase the number of shares, and both adjust the price per share. What differs is the accounting: a split changes face value, a bonus converts reserves into shares.