TCS and Vedanta lead major wave of corporate payouts and rights issues

More than a dozen Indian companies, led by technology giant Tata Consultancy Services, natural resources leader Vedanta, and electric mobility firm Ola Electric, are executing key corporate actions this week, reflecting sustained capital deployment across India Inc.

Around 14 listed companies have scheduled record dates between Monday, 12 October, and Friday, 16 October, covering interim dividends, rights issues, bonus share allocations, and stock splits.

Main dividend announcements

Tata Consultancy Services declared a second interim dividend of ₹12 per equity share with a face value of Re 1 for the 2026-27 financial year, setting Wednesday, 14 October, as the record date. The payout follows a 15 per cent year-on-year increase in second-quarter consolidated net profit to ₹13,884 crore, alongside an 11 per cent rise in operational revenue to ₹73,188 crore. The dividend will be paid to eligible shareholders on 30 October.

Vedanta Limited has also fixed 14 October as its record date for a first interim dividend of ₹5 per equity share of face value Re 1 for the current financial year. The total cash outlay for the metal and mining major stands at ₹1,955 crore, representing its first dividend payout since adjusting for its recent corporate demerger.

Wealth manager Anand Rathi Wealth has set Thursday, 15 October, as the record date for an interim dividend of ₹4 per equity share, representing 80 per cent of its face value. Meanwhile, Canara Robeco Asset Management Company has fixed Friday, 16 October, as the record date for an interim dividend payout of ₹2 per share.

Rights issues and expansion plans

Electric two-wheeler maker Ola Electric Mobility turns ex-record date on Tuesday, 13 October, for its ₹1,000 crore rights issue. The company is issuing 37.03 crore partly paid-up shares at an issue price of ₹27 per share. Under the terms disclosed in exchange filings, investors will pay ₹16.20 per share upfront, with the remaining balance of ₹10.80 to be called by 31 October 2027. The rights offer opens on 22 October and closes on 30 October.

Other companies raising capital or restructuring equity via rights issues include Continental Controls on 14 October, followed by Shivam Autotech and Shraddha Prime Projects on 15 October.

Bonus shares and stock splits

Small-cap pharmaceutical company Jojo kicked off the week's actions on 12 October with a 1:1 bonus issue, delivering one bonus share for every existing share held. Logistics firm Oneclick Logistics India will execute a 1:2 bonus issue on 15 October.

Stock splits and consolidations are also scheduled. Samor Reality and Bansal Wire Industries are executing 1:5 stock splits on 15 October and 16 October respectively, while fintech firm AvenuesAI and Noble Polymers are undertaking equity consolidations.