- ITC will pay a 650% interim dividend (₹6.50 per share) between March 6-8, 2025.
- Excelsoft Technologies files for a ₹700 crore IPO to fund expansion.
- ITC stock has declined nearly 9% in the last month amid market volatility.
ITC Limited has announced its first dividend payout since the demerger of its hotels business, rewarding shareholders with a 650% interim dividend.
Meanwhile, Excelsoft Technologies, a leading provider of learning and assessment solutions, is set to raise ₹700 crore through an IPO. The company plans to utilize funds from the fresh issuance to acquire land, build a new facility, and enhance IT infrastructure.
ITC Dividend Boost & Excelsoft’s Market Debut: Key Takeaways
ITC’s decision to distribute a hefty interim dividend aligns with its shareholder-friendly policies. The dividend payout serves as a reward for investors who continued to hold their shares post the company’s strategic demerger. This move underscores ITC’s strong cash flow and commitment to returning value to its shareholders.
On the other hand, Excelsoft Technologies’ upcoming IPO highlights the increasing demand for technology-driven education solutions. The ₹700 crore issue includes a fresh issuance of ₹210 crore and an offer-for-sale of ₹490 crore by existing stakeholders. The funds raised will primarily support infrastructure expansion and IT enhancements.
Excelsoft’s financial performance shows a mixed outlook, with revenue growing marginally but net profit declining from ₹22.4 crore in FY23 to ₹12.75 crore in FY24. Despite this, the company remains optimistic about its growth prospects, given its global footprint and specialized offerings.
As ITC navigates market headwinds, its dividend payout may provide some stability to investor sentiment. Meanwhile, Excelsoft’s IPO is set to test investor confidence in the ed-tech sector, particularly at a time when digital transformation is accelerating globally.
ITC’s dividend announcement and Excelsoft’s IPO filing reflect key financial moves in the Indian corporate landscape. While ITC looks to reward investors, Excelsoft aims to secure capital for expansion, shaping its future growth trajectory.
“The stock market is filled with individuals who know the price of everything, but the value of nothing.” – Philip Fisher
