Tata Consultancy Services (TCS) has fixed July 15 (Wednesday) as the record date for its interim dividend of Rs 12 per share, effectively making today the last date for interested investors to buy shares of India’s largest IT company for the payout.
Only those shareholders who own TCS shares in their demat accounts as of Wednesday will be eligible to receive the bonus shares. Under the market regulator SEBI's T+1 settlement cycle, investors must buy shares of a company at least one trading day before the record date so that they are credited to their demat accounts by that day, making them eligible for the dividend.
