Corporate Actions

Brigade Enterprises [BRIGADE] has announced a 1:3 bonus share issue following its Q4 FY26 results, a move aimed at rewarding its broad investor base despite a dip in its latest quarterly earnings.

The Reserve Bank of India has given its nod to Kotak Mahindra Bank [KOTAKBANK] to acquire up to 9.99% of Federal Bank's [FEDERALBNK] share capital, signaling a potentially significant strategic move within the Indian banking sector.

Bajaj Auto [BAJAJ_AUTO] has announced its most substantial share buyback program to date, committing ₹5,633 crore to repurchase shares at a significant 16% premium over its last closing price, offering a lucrative opportunity for investors.

Vedanta's [VEDL] significant demerger, creating four new independent entities, is set to reshape dividend payouts for its 21 lakh shareholders. While the parent company is expected to continue distributions, the absolute dividend per share will likely see a decline.

Investors seeking to capitalize on upcoming dividend payouts have a final opportunity today, May 7th, to purchase shares of 10 companies before they trade ex-dividend on May 8th. Don't miss out on these corporate actions.

Bajaj Auto has announced a significant ₹5,633 crore share buyback at a premium price of ₹12,000 per share, coupled with a ₹150 dividend, following a period of strong financial and operational performance in Q4.

Brigade Enterprises [BRIGADE] has announced a strategic 1:3 bonus issue alongside projecting a strong net profit of ₹725 crore for FY26, underpinned by robust current performance in real estate, leasing, and hospitality.

Care Ratings has downgraded the Non-Convertible Debentures (NCDs) of Goswami Infratech to B+ due to a confluence of financial challenges, including delayed fundraising and weak cash flows.

Garware Technical Fibres [GARFIBRES] is set to consider a share buyback proposal at its board meeting on May 8, a move consistent with its history of returning value to shareholders. The company will also review its Q4 FY24 results.

Bajaj Auto is poised to announce a share buyback alongside its Q4 FY26 results, with market participants eagerly awaiting details on the buyback's size, price, and critical dates.

Oracle Financial Services Software [OFSS] has declared a substantial second interim dividend of ₹270 per share for FY26. The record date was May 7, with payment to eligible shareholders expected by May 21.

IIFL Finance [IIFL] is reportedly aiming to raise $400 million through External Commercial Borrowings (ECBs), backed by improved investor sentiment and robust growth in its gold loan segment.

Vedanta Limited [VEDL] is gearing up for a significant structural change with its demerger, expected to take effect by May 2026, aimed at unlocking substantial shareholder value and fostering global expansion.

Infrastructure giant Larsen & Toubro [LT] has announced a substantial ₹38 per share dividend for FY26, with May 22 set as the record date, even as it reported mixed Q4 results.

Biocon shares saw a positive movement after Chairperson Kiran Mazumdar-Shaw announced her niece, Claire Mazumdar, as her successor, signalling a strategic leadership transition focused on advanced biotech and AI.

Vedanta Limited's demerger plan is moving forward, with investors eagerly awaiting the listing of four new entities expected by mid-June. Analysts remain positive on the group's long-term value creation.

A high-performing microcap company, having delivered exceptional 180% returns in the last year, has unveiled plans for a 1:2 stock split and a 3:1 bonus issue, aimed at enhancing liquidity and attracting broader investor interest.

Global financial giant Citibank [C] has announced the appointment of Raj Rathi as its new head of Mergers & Acquisitions for India, effective June 2026, signaling a sharpened focus on the nation's dynamic M&A landscape.

Bajaj Auto [BAJAJ_AUTO] shareholders eagerly await May 6 as the board prepares to consider a share buyback, potentially signaling another significant capital return.

Federal Bank [FEDERALBNK] is poised to significantly expand its retail footprint by acquiring approximately 4.5 lakh (450,000) credit card accounts from Standard Chartered Bank, bolstering its presence in key Indian cities.