In a significant move affecting investors across various sectors of the Indian stock market, forty companies have announced September 18, 2023, as the record date for dividend eligibility. This announcement comes with a crucial deadline for investors looking to capitalize on these dividend payouts.

Key Highlights

• Record Date: September 18, 2023
• Last Day to Buy: September 17, 2023 (under T+1 settlement cycle)
• Number of Companies: 40
• Dividend Range: 1% to 505%

Notable Dividend Announcements

Several prominent companies have declared substantial dividends:

Investor Implications

Investors interested in benefiting from these dividend payouts must ensure they purchase the shares by September 17, 2023. This deadline is crucial due to the T+1 settlement cycle currently in place in the Indian stock market.

Diverse Sector Representation

The list of forty companies spans across various sectors of the Indian economy, offering investors a wide range of options. The dividend percentages announced by these companies vary significantly, from a modest 1% to an exceptional 505%, catering to different investor preferences and risk appetites.

Conclusion

This wave of dividend announcements presents an opportunity for investors to potentially boost their returns. However, it's essential for interested parties to act swiftly, keeping in mind the September 17 deadline for share purchases. As always, investors are advised to conduct thorough research and consider their financial goals before making investment decisions based on these dividend announcements.

Several Indian listed companies have made significant announcements and developments, spanning across various sectors. Here's a roundup of the latest news:

Apollo Tyres Becomes Team India's Lead Sponsor

Apollo Tyres has been confirmed as the new lead sponsor of the Indian cricket team, following Dream11's exit. Apollo Tyres announced a historic 3-year strategic partnership with the Board of Control for Cricket in India (BCCI).

As part of this landmark collaboration, Apollo Tyres will have Title Sponsor Rights for all Bilateral and ICC (both men's and women's teams) home and away matches. The Apollo Tyres logo will be prominently featured on the front and leading arm of the official Team India jersey.

Neeraj Kanwar, Vice Chairman and Managing Director of Apollo Tyres Ltd, stated, "Cricket's unmatched popularity in India and worldwide makes it an honour for us to become the 'National Team Lead Sponsor' of Team India. This partnership is about national pride, strengthening consumer trust and showcasing Apollo as a true leader in our category."

JSW Paints Acquires Majority Stake in Akzo Nobel India

The Competition Commission of India has approved JSW Paints' acquisition of up to 75% shareholding in Akzo Nobel India. This move is expected to strengthen JSW Paints' position in the Indian paint industry.

Dr Reddy's Launches New Gastrointestinal Drug

Dr Reddy's Laboratories has launched Tegoprazan, a patented molecule for acid-related gastrointestinal diseases, in India. This launch expands Dr Reddy's portfolio in the gastrointestinal therapeutic area.

Mahindra Lifespace Ventures into Redevelopment Projects

Mahindra Lifespace Developers Ltd has announced plans to redevelop two housing societies in Chembur, Mumbai. The combined development potential of these projects is estimated at Rs 1,700.00 crore, marking a significant expansion in the company's real estate portfolio.

Blue Dart Faces GST Show Cause Notice

Blue Dart Express Ltd has received a show cause notice worth Rs 365.00 crore from the GST commission. The details of the notice and the company's response are yet to be disclosed.

Coal India Secures Rare Earth Element Exploration Block

Coal India Ltd has been named the preferred bidder for the Ontillu-Chandragiri Rare Earth Element Exploration Block. This development could potentially diversify Coal India's operations beyond coal mining.

RailTel Bags Order for Smart Classroom Installations

RailTel Corporation of India Ltd has secured a Rs 106.00 crore order from Bihar Education Project Council for smart classroom installations. This order underscores RailTel's growing presence in the education technology sector.

These developments across various sectors highlight the dynamic nature of the Indian corporate landscape, with companies making strategic moves to strengthen their market positions and expand their operations.