Multiple state-run companies including Coal India, ONGC, among others will trade ex-dividend from this week. This, along with many other companies will also have their corporate actions taking place during the course of the week.

The week will also see India Glycols trade ex-dividend for the demerger of its multiple entities. The company has announced a demerger of its three subsidiaries, namely India Glycols Limited (IGL), Arasmetrin Limited (ARM), and India Glycol Antifeedants Limited (IGAF).

According to reports, IGL will be spun off as an independent company, with ARM being retained. The IGF has also been demerged into two separate entities, namely India Glycol Antifungals Limited (IGFAL) and Arasmetrin Chemicals Limited (ARMCL). The move is part of the company’s plan to restructure its operations and enhance shareholder value.

The ex-dividend dates for these companies will be as follows:

  • Central Coalfields Limited – March 1, 2024
  • Coal India Limited – March 5, 2024
  • Oil and Natural Gas Corporation (ONGC) – February 29, 2024
  • India Glycols Limited – March 4, 2024
  • Arasmetrin Limited – March 7, 2024
  • India Glycol Antifeedants Limited – March 6, 2024
  • India Glycol Antifungals Limited – March 8, 2024

These companies have informed the stock exchanges about their intention to go ex-dividend. Investors are advised to exercise caution while making investment decisions and to check the ex-dividend dates before buying or selling shares.

In addition to these corporate actions, several other companies will also be trading ex-dividend during this week. These include companies like HCL Technologies, Tata Consultancy Services, and Bharat Sanchar Nigam Limited.

Investors should remain vigilant and monitor the market for any changes in stock prices or dividends before making investment decisions.

The announcement of these corporate actions has sparked interest among investors, who are eagerly waiting to see how the market reacts. With multiple ex-dividend stocks trading this week, investors can expect a significant movement in the market.

As always, it’s essential for investors to stay informed and up-to-date on the latest market news and trends. By doing so, they can make informed investment decisions and maximize their returns.