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16.04 - 21:19
Covid-19 lockdown: Dividend payments via DD, cheques stalled
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MUMBAI: Even as most listed companies have been announcing and transferring dividends to their shareholders, there is a small group of investors who will have to wait out the nationwide lockdown before they can receive their share.
With a rapid rise in covid-19 cases in India, the Centre has imposed a 21-day lockdown, allowing only essential services to function.
While a majority of stock market investors receive dividend payouts digitally, there continues to be a small section in India that accesses dividends through either Demand Drafts (DD) or Cheques.
These investors have been hit by the lockdown, as courier services have stopped, making it impossible for companies to send these shareholders their dividend money and delaying an
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