Tech Mahindra approves 1:1 bonus issue and Rs 15 interim dividend
In short
Tech Mahindra approved a 1:1 bonus issue and an interim dividend of Rs 15 per share, based on its Q2 results. The dividend is said to be 300% on shares with a face value of Rs 5.
This matters to Tech Mahindra shareholders because it changes how many shares they hold and what cash payout they may receive. The record date was not stated in the available reporting.
What the reporting says
Tech Mahindra’s board approved a 1:1 bonus issue and declared an interim dividend of Rs 15 per equity share, according to publisher-supplied summaries tied to the company’s Q2 results. The dividend is described as 300% on shares with face value Rs 5, and the bonus is one new share for each existing share, subject to terms and conditions. The record date was not stated in the available reporting.
Why it matters
Tech Mahindra’s board approved a 1:1 bonus issue and an interim dividend of Rs 15 per equity share in connection with its Q2 results, according to publisher-supplied summaries. That affects existing shareholders directly by increasing share count and providing a cash payout. The available reporting does not state the record date, payment timing, or any further conditions beyond the standard terms attached to the bonus issue.