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Dividend stocks: IIFL Finance, Mastek, 2 other stocks to trade ex-dividend today

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Dividend stocks: IIFL Finance, Mastek, 2 other stocks to trade ex-dividend today

Shares of IIFL Finance Ltd, Kddl Ltd, Ksolves India Ltd, Mastek Ltd, Arnold Holdings Ltd, and Dolphin Offshore Enterprises (India) Ltd  will be in focus when the stock market opens on Thursday (January 25).

The Board of Directors of these companies have declared an interim dividend, stock split, and shares buyback for the eligible shareholders. 

The record date by the 6 companies to ascertain the eligibility of shareholders for their respective issues has been fixed on January 25.

Interim Dividend

IIFL Finance: The company has declared an interim dividend of 4 per equity share of the face value of 2 each for the financial year 2023-24.

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In a stock exchange filing, IIFL Finance said: “Pursuant to the provisions of Regulation 42 of the SEBI Listing Regulations, the Board has fixed Thursday, January 25, 2024 as record date. The said interim dividend will be paid/dispatched on or before February 15, 2024.”

IIFL Finance shares will trade ex-dividend on Thursday.

Also Read: Stock market today: Zee Entertainment shares placed under F&O ban

Kddl: The company has declared an interim dividend of 58 per equity share. The Board of Directors of KDDL Ltd at its meeting held on January 18 had considered and declared interim dividend of 58 per equity share, which amounts to 580% of face value of 10 each, for the financial year 2023-24.

Kddl shares will trade ex-dividend on  Thursday.

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Ksolves India: The company has declared an interim dividend of 7.50 per equity share.

In a stock exchange filing, Ksolves India said: “We would like to inform you that the Board of Directors of the Company at its meeting held today i.e., Thursday, January 18, 2024, inter-alia considered and declared 2nd interim dividend of Rs.7.50/- per share for financial year 2023-24 on its fully paid-up Equity share Capital of the Company.”

Shares of Ksolves India will trade ex-dividend on  Thursday.

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Mastek: The company has declared an interim dividend of 7 per equity share for the financial year 2023-24. On Wednesday, Mastek shares ended 0.40% higher at 2,684.45 apiece on the BSE.

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Shares of Mastek will trade ex-dividend on Thursday.

Share Buyback

Arnold Holdings: The company has declared buy back of up to 63 lakh fully paid-up equity shares.

The company’s board had approved to buyback up to 63,00,000 fully paid-up equity shares of face value of 10 each at 21 per equity share for an aggregate amount of 13.23 crore.

Arnold Holdings shares will trade ex-buyback on Thursday.

Also Read: HDFC Bank sells CAMS shares worth 270 crore via bulk deal

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Stock Split

Dolphin Offshore Enterprises (India): The company has declared stock split from 10 per equity share to 1 per equity share. The record date for the share split has been fixed on Thursday, January 25. 

Under the scheme, shareholders will get 10 equity shares of face value Re 1 each for every one Dolphin Offshore Enterprises share they hold of face value 10 each. 

Shares of Dolphin Offshore Enterprises (India) will trade ex-split today. 

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Published: 25 Jan 2024, 06:33 AM IST

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Finance

Baker McKenzie Welcomes Finance & Projects Principal Matthias Schemuth in Singapore | Newsroom | Baker McKenzie

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Baker McKenzie Welcomes Finance & Projects Principal Matthias Schemuth in Singapore | Newsroom | Baker McKenzie

Baker McKenzie today announced that leading project finance lawyer Matthias Schemuth has joined the Firm’s Singapore office* as a Principal and Asia Pacific Co-Head of Projects in its Finance & Projects practice, alongside Partner Jon Ornolffson in Tokyo.

Matthias joins the Firm from DLA Piper, bringing more than 20 years of experience in the energy and infrastructure sectors across Asia Pacific. He advises sponsors, developers, commercial banks, multilateral lending agencies, and export credit agencies on the structuring and financing of large-scale projects. His practice also spans international banking, structured commodity and trade finance, with a strong focus on emerging markets. Matthias has been consistently recognised by Chambers Asia Pacific and Who’s Who Legal as a leading project finance practitioner.

James Huang, Managing Principal of Baker McKenzie Wong & Leow in Singapore, said: “We are excited to welcome Matthias to our team. His expertise and proven record in managing teams will be invaluable as we expand our regional and global finance offerings for clients.”

Emmanuel Hadjidakis, Asia Pacific Chair of Baker McKenzie’s Banking & Finance Practice, commented: “Asia Pacific is seeing strong momentum in infrastructure development, energy transition investments, and cross-border project financing, much of it centred in Singapore. Having Matthias on board will further enhance our ability to help clients seize opportunities in the region’s evolving energy and infrastructure markets.”

Steven Sieker, Baker McKenzie’s Asia Chief Executive, added: “Matthias’s appointment underscores Baker McKenzie’s continued commitment to investing in exceptional talent across key markets to support our clients in navigating today’s increasingly complex business and regulatory environment.”

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Matthias said: “I’m thrilled to join Baker McKenzie and contribute to its strong growth in Asia Pacific. The Firm’s global reach and local depth provide an unparalleled platform for delivering innovative projects and financing solutions to clients in this dynamic region.”

With more than 2,700 deal practitioners in more than 40 jurisdictions, Baker McKenzie is a transactional powerhouse. The Firm excels in complex, cross-border transactions; over 65% of our deals are multijurisdictional. The teams are a hybrid of ‘local’ and ‘global’, combining money-market sophistication with local excellence. The Firm’s Banking & Finance lawyers are ranked in more jurisdictions than any other firm by Chambers.  

Matthias’s hire continues the expansion of Baker McKenzie’s global team. His joining follows the recent arrivals of Carole Turcotte in Toronto; Tom Oslovar in Palo Alto; Jenny Liu in New York and Palo Alto; Helen Johnson, Mark Thompson, Nick Benson, Kevin Heverin, James Wyatt and Michal Berkner in London; Jan Schubert in Frankfurt; Todd Beauchamp and Charles Weinstein in Washington DC; Dan Ouyang, Winfield Lau, and Ke (Ronnie) Li in Beijing, Shanghai, and Hong Kong; and Alexander Stathopoulos in Singapore.

*Baker McKenzie Wong & Leow is the member firm of Baker McKenzie in Singapore

 

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Finance

3 finance stocks to buy on rising 10-year Treasury rates

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3 finance stocks to buy on rising 10-year Treasury rates
The Federal Reserve gave investors an early Christmas present by lowering interest rates by 25 basis points (i.e., 0.25%) marking its third rate cut this year. In the past, a change like this in the “long end” of the interest rate yield curve has triggered a predictable, investable pattern. Typically, this pattern would be bearish for finance stocks, particularly banks—investors would buy bank stocks when rates rose and sell them as rates fell….
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Finance

Reservists’ families protest outside Finance Minister’s home

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Reservists’ families protest outside Finance Minister’s home

Dozens of protesters from the “Religious Zionist Reservists Forum” and the “Shared Service Forum” demonstrated Saturday evening outside the home of Finance Minister Bezalel Smotrich in Kedumim.

The protesters arrived with a direct and pointed message, centered on a symbolic “draft order,” calling on Smotrich to “enlist” on behalf of the State of Israel and oppose what they termed the “sham law” being advanced by MK Boaz Bismuth and the Knesset’s haredi parties.

Among the protesters in Kedumim were the parents of Sergeant First Class (res.) Amichai Oster, who fell in battle in Gaza. Amichai grew up in Karnei Shomron and studied at the Shavei Hevron yeshiva.

Protesters held signs reading: “Smotrich, enlist for us,” along with the symbolic “draft order,” calling on him to “enlist for the sake of the State’s security and to save the people’s army – stand against the bill proposed by Bismuth and the haredim!”

Parallel demonstrations were held outside the homes of MK Ohad Tal in Efrat and MK Michal Woldiger in Givat Shmuel.

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Representatives of the “Shared Service Forum” said: “We are members of the public that contributes the most, and we came here to say: Bezalel, without enlistment there will be no victory and no security. Do not abandon our values for the sake of the coalition. The exemption law is a strategic threat, and you bear the responsibility to stop it and lead a real, fair draft plan for a country in which we are all partners. It’s in your hands.”

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