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The payout reflects 150% on the face value of ₹10, and will be issued to shareholders whose names appear on the company’s register as of July 8, 2025

The record date for determining eligible shareholders has been fixed as July 15, 2025.

At close, the Sensex was down 452.44 points at 83,606.46. Meanwhile, the Nifty was down 120.75 points at 25,517.05.

The transaction is expected to be wrapped up within 45 days and will not affect Bharat Forge’s consolidated financials.

The proposal includes the eventual listing of these businesses within the next 18 to 21 months.

These instruments include a rights issue, preferential allotment, qualified institutional placement (QIP), further public offer (FPO), or global options such as GDRs, ADRs, and FCCBs.

The project is expected to be completed and operational by the end of 2030.

IIP was lower in May 2025 as electricity output slumped and manufacturing also tapered

Here are some of the stocks that may see significant price movement today: CG Power, JK Cement, Reliance Infrastructure, etc.

The bank’s board formally acknowledged and accepted her resignation at its meeting held on June 27.