4 Upcoming Dividends, Share Buyback Announcement Of The Month: Check Details

4 companies have fixed record date for interim dividends. These companies are large cap Info Edge (India) Ltd, Morganite Crucible (India) Ltd, Ingersoll-Rand (India), and Esab India Ltd. Meanwhile, eClerx Services Ltd announced Rs 300 crore share buyback at 41% premium. Check key takeaways:

1. Info Edge (India) Ltd

The large cap company, operating in Services sector, fixed record date for interim dividend of Rs 10 per share for FY 2022-23. The record date has been fixed November 21, 2022. The dividend is expected to be paid on or after December 7, 2022.

The current market price of Info Edge (India) is Rs 4098 apiece with market capitalisation of Rs 52,860.92 crore. The stock has given maximum return of 242% in 5-years. The stock gained 7% in yesterday's trade.

The board of directors of Info Edge (India) Ltd stated in the regulatory filing, "The Board has declared Interim Dividend of Rs. 10/- per share (on face value of Rs.10/- per share) for the financial year 2022-23. Record date for the purpose of determining the name of the members eligible for receipt of the Interim Dividend will be Monday, November 21, 2022. The dividend would be paid on or after December 7, 2022."

2. Ingersoll-Rand (India) Ltd

The small cap stock operates in Engineering sector. Ingersoll-Rand (India) came into existence in 1921. The stock has given maximum return of 272% in last 3-years. In last 3-months, the stock has given return of 34%.

The current market price of the stock is Rs 2290 apiece market capitalisation of 7230 crore. The company has fixed the record date for interim dividend of Rs 30/- per equity share as November 21, 2022.

The board of directors of the company said in the BSE filing, "The Board of Directors of the Company at their meeting held on November 11, 2022 have declared interim dividend of Rs.30/- per equity share for the financial year ending on March 31, 2023. Please be informed that the record date for payment of the interim dividend for the year ending on March 31, 2023 has been fixed as November 21, 2022. The interim dividend will be paid on December 8, 2022."

3. Morganite Crucible (India) Ltd

The current market price of Morganite Crucible (India) Ltd is Rs 953 apiece with market capitalisation of Rs 533 crore. The stock has given maximum return of 95% in the last 5-years. The stock operates in Industrial Consumables sector. The small cap company was incorporated in 1986.

The Board of Directors in their meeting held on November 10 2022 declared an interim dividend of Rs. 9/- per equity share to those members whose name appear in the Register of Member as on November 23, 2022. The company has fixed record date for payment of interim dividend as November 23, 2022."

4. Esab India Ltd

The zero-debt burden company, operating in Industrial Equipment sector declared an interim dividend of Rs 30 per share for FY 2023 and dividend will be paid on or before December 10, 2022.

Esab India Ltd has given maximum return of 298% in last 5-years. The current market price of the small cap stock is Rs 3490 apiece with market capitalisation of 5372 crore.

The board of directors of the company said in the BSE filing, "The Board of Directors of the Company at its meeting held today i.e., 11 November 2022 has declared an interim dividend of Rs.30/- per equity share of Rs.10/- each (300%) for the year ending 31 March 2023 resulting in an outflow of Rs. 46,17,90,600/- (subject to deduction of tax at source where applicable). The said Interim Dividend declared by the Board of Directors would be paid to the equity shareholders on or before 10 December 2022."

5. eClerx Declares Rs 300 Crore Share Buyback At 41% Premium

The small cap company, operating in IT Enabled Services sector, has given maximum return of 375% in last 3-years. All its debts have been paid off.

The company on November 10, 2022 announced its decision of 300 crore equity shares buyback through tender offer. The maximum buyback price is Rs 1900 per share which is a little less than the 52-week high of Rs 1980 apiece.

It is worth noting that the promoters of eClerx are also taking part in the share buyback and this is the second share buyback of the company over the years.

The buyback price is at 41.53 premium in comparison to the Friday's closing price of Rs 1399 apiece.
The buyback is subject to approval of shareholders by way of a special resolution through a postal ballot pursuant to Section 108 and 110 of the Companies Act, 2013.

Disclaimer

The above stocks give details related dividends and share buyback. Greynium Information Technologies and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.