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last mo.

T+1 Settlement Triggers Last-Day Buying in India’s Aug. 11–15 Corporate Action Wave

Compressed record dates under the T+1 cycle force purchases by today to lock in payouts across the coming week

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ICICI Bank, HPCL, Reliance among 90 firms declaring dividends, bonuses next week

Overview

  • About 90 companies have scheduled record or ex-dividend dates between Aug. 11 and 15 under a condensed corporate-action calendar
  • ICICI Bank will pay a final dividend of ₹11 per share, and other headline payouts include ₹5.5 from Reliance, ₹10.5 from Hindustan Petroleum, ₹10 from IndiGo and a ₹10 special dividend from Pidilite Beyond dividends, VRL Logistics is issuing a 1:1 bonus on Aug. 14, while India Glycols and Sprayking plan stock splits on Aug. 11 and 12 respectively
  • Under the T+1 settlement rule, shares must be purchased one trading day before the ex-date, making today the last session to qualify for many of next week’s payouts
  • Front-loaded buying is driving elevated volumes and predictable share-price adjustments as stocks go ex-dividend