In a series of significant corporate developments, several Indian companies have announced major deals, stake sales, and strategic moves. Here's a roundup of the key events:

Clean Science and Technology: Promoters to Offload Substantial Stake

Clean Science and Technology's promoters, Ashok Boob and Krishna Boob, are set to sell up to 24% of their stake through block deals. The sale is expected to raise approximately Rs 2,626.00 crore, with a floor price set at Rs 1,030.00 per share. This price represents a 13% discount to the current market price, potentially offering an attractive entry point for investors.

Bharti Hexacom: Green Light for Mobile Tower Sale

Bharti Hexacom has received approval to sell its mobile towers to a sister concern for Rs 1,134.00 crore. This related party transaction was approved by shareholders with 88.28% votes at the Annual General Meeting (AGM), indicating strong support for the company's strategic decision.

UltraTech Cement: Divestment in India Cements

UltraTech Cement has announced plans to divest a 6.49% stake in India Cements through an offer-for-sale. This move is aimed at meeting the 25% minimum public float requirement. The company will sell 2.01 crore shares at Rs 368.00 each, potentially raising Rs 740.00 crore.

Godrej Properties: Land Acquisition in Hyderabad

In a significant real estate deal, Godrej Properties has emerged as the highest bidder for a 7.825-acre land parcel in Hyderabad. The company secured the land for Rs 547.75 crore, strengthening its presence in the southern market.

RailTel: New Work Orders

RailTel Corporation has received two notable work orders:

1. Rs 15.42 crore order from the Odisha government
2. Rs 34.99 crore order from Kerala

Both orders are related to data centre operations, showcasing RailTel's growing footprint in the digital infrastructure space.

Jupiter Wagons: Vande Bharat Train Order

Jupiter Wagons' subsidiary has secured a Rs 215.00 crore order for Vande Bharat Train wheelsets. This order underscores the company's role in India's railway modernization efforts.

Exide Industries: Investment in Subsidiary

Exide Industries has invested an additional Rs 100.00 crore in its subsidiary, Energy Storage Solutions and Lithium-ion Technology (EESL). This brings Exide's total investment in EESL to Rs 3,802.23 crore, highlighting its commitment to the energy storage sector.

Piramal Healthcare: International Investment

Piramal Healthcare has completed a $190.30 million investment in PPL Pharma Inc., further expanding its global pharmaceutical operations.

Ajanta Pharma: Income Tax Department Searches

The Income Tax Department has conducted searches at Ajanta Pharma's offices and manufacturing units. The company has stated that it is fully cooperating with the authorities during this process.

These developments reflect a dynamic corporate landscape in India, with companies across sectors making strategic moves to strengthen their market positions, comply with regulations, and pursue growth opportunities.

In a significant move for investors, twelve companies are slated to trade ex-dividend on Thursday, marking a crucial deadline for those looking to qualify for upcoming dividend payments. This development comes amidst India's T+1 settlement system, which means that investors must purchase shares by Wednesday to be eligible for the dividends.

Key Companies and Their Dividends

Several major corporations are among those setting their ex-dividend dates:

1. Hindustan Aeronautics Ltd. (HAL)
2. Coal India Ltd.
3. Rail Vikas Nigam Ltd. (RVNL)
4. Jindal Stainless Ltd.
5. Godfrey Phillips India Ltd.

Notable Dividend Announcements

• Honda India Power Products Ltd. has declared an interim dividend of Rs 100.00 per share, standing out as one of the more substantial offerings among the group.
• Styrenix Materia has announced a dividend of Rs 31.00 per share.
• Coal India Ltd. has set its dividend at Rs 5.15 per share.

Additional Companies Trading Ex-Date

Other companies trading ex-date on Thursday include:

• Sukhjit Starch and Chemicals Ltd.
• Senco Gold Ltd.
• Bhanshali Engineering Polymers Ltd.

Investor Considerations

Investors interested in these dividends should be aware of the following key points:

1. The last day to purchase shares and qualify for dividends is Wednesday.
2. Due to India's T+1 settlement system, buying shares on Thursday (the ex-dividend date) will not qualify investors for these dividend payments.
3. The ex-dividend date is typically the day when a stock's price may adjust to reflect the upcoming dividend payout.

As always, investors are advised to conduct their own research and consider their individual financial situations before making investment decisions based on dividend announcements or other corporate actions.