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Elecon Engineering and others set October 21 dividend record date

1 report, 1 independent Updated Oct 1
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Elecon Engineering, ICICI Prudential AMC, and Mangalore Refinery and Petrochemicals Limited set Wednesday, October 21, as the record date to determine shareholder eligibility for dividend payouts. ICICI Prudential AMC's board of directors approved an interim dividend of ₹30 per equity share, which has a face value of Re 1.

From livemint.com

Why it matters

Some supportBrind's analysis of the reports

The announcement of dividend record dates and the approval of interim dividends may attract heightened investor interest during the trading session leading up to the payout. Due to the T+1 settlement cycle, Monday, October 19, is the last day to purchase shares to qualify for the payout.

From livemint.com

Who's involved

  • Elecon EngineeringCompany that set the dividend record date and whose board recommended a final dividend
  • board of directorsGroup that recommended a final dividend for Elecon Engineering

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