Overview

• Under India’s T+1 settlement cycle investors needed to complete share purchases by July 9 to settle in time for the July 10 record date.
• Dr Reddy’s has declared a final dividend of ₹8 per share, amounting to ₹667 crore for about 4.6 lakh shareholders and roughly ₹54 crore for retail investors.
• Dr Reddy’s, Diffusion Engineers, LMW and Wheels India all turn ex-dividend on July 10, concentrating corporate actions under the new settlement regime.
• Share prices signaled mixed sentiment ahead of the cutoff, with Dr Reddy’s down about 1.2%, Diffusion Engineers up nearly 2.8% and Wheels India rising just over 1%.
• Market attention now shifts to Dr Reddy’s June-quarter results, scheduled for release on July 23.