As many as three Tata Group companies, including Tata Chemicals, Tata Elxsi and Tata Investment Corporation, have set June 10 (Wednesday) as the record date for their respective dividends cumulatively worth Rs 89.4, effectively making today the last day for investors to buy their shares to be eligible for the rewards.
Under market regulator SEBI's T+1 settlement cycle, investors need to purchase a company's shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action. This effectively makes today the last opportunity for investors to buy the shares so that they are credited to their accounts by the record date (June 10), making them eligible for the dividends.
