Corporate Actions

State Bank of India [SBIN] has announced the promotion of eight Chief General Managers to Deputy Managing Director positions as part of its annual leadership reshuffle, ensuring robust continuity at the top.

Two-wheeler and three-wheeler major Bajaj Auto [BAJAJ_AUTO] has announced that its board will convene on May 6, 2026, to evaluate a proposal for a share buyback, signaling a potential move to distribute surplus cash to its shareholders.

Vedanta's stock appeared to plummet by over 65% post-demerger, but this significant drop is largely an optical illusion stemming from its strategic restructuring, with the actual decline being much smaller.

Infrastructure giant Larsen & Toubro [LT] is set to divest its full stake in L&T Metro Rail Hyderabad, a move valued at ₹1,461.47 crore, impacting its subsidiary status and attracting market attention.

Vedanta [VEDL] is embarking on a significant corporate restructuring journey, with its shares trading ex-demerger today in a special session designed to facilitate price discovery and unlock shareholder value.

Market regulator SEBI has fined Axis Trustee Services ₹10 lakh for failing to promptly disclose a significant regulatory ruling concerning a former REIT executive, emphasizing the importance of timely information for unitholders.

Vedanta Limited [VEDL] is embarking on a significant restructuring, with plans to demerge into five distinct entities. This strategic move aims to unlock inherent value for shareholders, with market expectations suggesting the main entity could trade in the ₹300-₹325 range post-demerger.

Mining giant Vedanta Limited [VEDL] is set to file for listing approval for its demerged companies next week, with shares anticipated to begin trading by mid-June. This strategic move aims to unlock value for shareholders.

Vedanta Limited [VEDL] shares are poised for a significant price adjustment following its demerger, with analysts forecasting a post-split range of ₹250-₹325 as the company aims to unlock value for shareholders.

Vedanta's strategic demerger aims to unbundle its diverse businesses into four distinct listed entities, promising long-term value creation for shareholders. Investors looking to participate must note the April 29 eligibility date.

Vedanta [VEDL] is moving ahead with its demerger plan, aiming to unlock significant value for shareholders. Investors looking to be eligible for shares in the newly formed entities must note the crucial dates surrounding this corporate action.

Hindustan Zinc has announced an interim dividend of ₹11 per share, with the record date set for April 30th. This payout follows a robust Q4 performance, featuring a significant 68% year-on-year growth in net profit.

Airtel Africa's mobile money arm, Airtel Money, is reportedly planning a significant Initial Public Offering (IPO) in London, aiming to raise between ₹125.25 billion and ₹167 billion and targeting a valuation of up to ₹835 billion.

Barrick Mining has announced key executive appointments for its new North American business, set to debut post-IPO, signaling strategic moves in the global mining sector.

Deepak Builders & Engineers [DEEPAKBUILD] has approved a 1:10 stock split and raised its authorized share capital, moves aimed at enhancing market liquidity and attracting a wider investor base.

Public sector lender Punjab & Sind Bank [PSB] is set to raise up to ₹3,000 crore through a private placement of shares this fiscal year, primarily to comply with the market regulator SEBI's Minimum Public Shareholding (MPS) norms.

Smallcap stock Kirloskar Pneumatic has seen its shares surge following an announcement of a 1:2 stock split and a final dividend of ₹8.5 per share, alongside its Q4 results.

India's leading automaker, Maruti Suzuki India Limited [MARUTI], has announced its highest-ever dividend payout of ₹140 per share, signaling a strong financial performance and a significant reward for its shareholders.

Tata Group retail giant Trent [TRENT] has announced its first-ever 1:2 bonus share issue, alongside a ₹6 dividend, setting May 29 as the record date. This strategic move follows robust Q4 performance and aims to enhance share liquidity for investors.

Vedanta Limited [VEDL] is undergoing a significant demerger, splitting into five distinct entities to unlock shareholder value. This move aims to mitigate the conglomerate discount, with projections suggesting a substantial increase in combined valuations.