Corporate Actions: Aditya Birla Fashion, Emami & GM Breweries to go ex-date on May 22
Corporate Actions: Several companies will have key corporate actions on May 22. Aditya Birla Fashion and Retail will trade ex-spin-off, while Ashok Leyland, Emami, and GM Breweries will trade ex-dividends.
Corporate Actions, May 22: Several listed companies are set for important corporate actions on Thursday, May 22. Aditya Birla Fashion and Retail will trade ex-spin-off, while Ashok Leyland, Emami, and GM Breweries will trade ex-dividend, with interim and special dividends of Rs 4.25, Rs 2, and Rs 7.50 per share respectively, payable to shareholders on record as of May 22, 2025.
Here’s a snapshot of what’s on the table:
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Aditya Birla Fashion and Retail
As part of its corporate restructuring strategy, Aditya Birla Fashion and Retail will carry out a spin-off effective May 22, 2025. This date also serves as both the record and ex-date, determining shareholder eligibility for the demerger. Eligible shareholders will receive one share of Aditya Birla Lifestyle Brands Ltd. for every share held in Aditya Birla Fashion and Retail.
Ashok Leyland
Ashok Leyland has announced an interim dividend of Rs 4.25 per share. The stock will turn ex-dividend on May 22, 2025, which is also the record date for determining eligible shareholders.
Emami Ltd
Emami Ltd. will also trade ex-dividend on May 21 as the company has declared a special dividend of Rs 2 per share. The record date for this dividend falls on the same day, making investors who hold shares on or before May 22 eligible for the payout.
GM Brewearies
GM Breweries has declared a final dividend of Rs 7.50 per share. The stock will trade ex-dividend on May 22, 2025. The record date for the dividend is also scheduled for the same day, in line with the company’s consistent shareholder returns policy.
What are corporate actions?
Corporate actions are events initiated by a company that bring a change to its securities—like stocks or bonds—and affect shareholders or investors. These actions can impact the company's share price, the number of shares you own, or the value of your investment. Examples include dividend payments, stock splits, mergers, or rights issues. Essentially, corporate actions are ways companies manage their capital structure or reward shareholders.
Dividend declaration
A company announces it will pay a portion of its profits to shareholders as dividends. This can be in cash or additional shares.
Stock split
A company increases the number of its outstanding shares by splitting existing shares into multiple shares. This reduces the share price, making it more affordable, but the overall value remains the same.
Bonus issue (scrip issue)
The company issues additional shares to existing shareholders for free, based on the number of shares they already own. It’s a way to reward shareholders without paying cash.
Rights issue
Existing shareholders get the right to buy additional shares at a discounted price before the company offers them to the public. This helps the company raise more capital.
Merger and Acquisition
Two companies combine (merger) or one company buys another (acquisition) to grow, gain market share, or achieve synergy.