India Markets Enter Heavy Week of 40-Plus Ex-Dates as Infosys Buyback Takes Focus
T+1 settlement rules make date timing critical for payout eligibility.
Overview
- More than 40 companies will trade ex-dividend or ex-date between Nov. 10–15, including Ajanta Pharma, Power Grid, Godfrey Phillips, Nuvama Wealth Management and ONGC.
- Infosys and GHCL go ex-date for share buybacks on Nov. 14, with Infosys’ programme reported at Rs 18,000 crore.
- Large interim payouts headline the calendar, led by Bayer CropScience at Rs 90 per share, Nuvama at Rs 70, Ajanta Pharma at Rs 28 and Godfrey Phillips at Rs 17.
- Sampre Nutritions’ stock split and 1:1 bonus take effect on Nov. 11, while Websol Energy System’s split to Re 1 occurs on Nov. 14.
- InvIT and REIT income distributions feature PowerGrid InvIT, Indus Infra Trust, Anzen India Energy Yield Plus Trust, IndiGrid and Nexus Select Trust, with Nov. 10 flagged as the buy-by date for several Nov. 11 record-date dividends including Nuvama and Garden Reach.