Separately, the company informed that the board of its wholly-owned subsidiary Greenlam South has approved setting up a greenfield project for manufacturing of Particle Board at Nellore
The board of directors of JBM Auto are scheduled to meet on December 8, 2021 to consider and approve the proposal of sub-division of company's equity shares having face value of Rs 5 each
IRCTC has fixed Friday, October 29, as the record date to ascertain the name of shareholders entitled to the split of equity shares of Rs 10 each into five equity shares at a face value of Rs 2 each
TTK Prestige said the rationale behind the stock split is to facilitate larger shareholder base, to increase the liquidity and to make the shares more affordable to investors
After touching Rs 1 trillion intraday on Tuesday, the firm's m-cap ended around Rs 71,000 crore on Wednesday
IRCTC has fixed October 29, 2021, as the record date, to ascertain the name of shareholders entitled for subdivision/split of equity shares from Rs 10 to Rs 2
In the past one month, the market price of IRCTC has soared 50 per cent, as compared to a 2.5 per cent rise in the S&P BSE Sensex
The stock hit a new high of Rs 3,746 today and has rallied 1,071 per cent over its issue price of Rs 320 per share
The board of directors of the Company is scheduled to meet on August 12, 2021 to consider stock split
The company will sub-divide the face value of equity shares from Rs 5 each to a lower denomination to make the stock more affordable for the small retail investors and increase liquidity
Generally, a company plans to go for a stock split to make the shares more affordable for small retail investors and increase liquidity
The company has split the stock in the ratio of 1:5, i.e. equity share of face value Rs 10 has been split into five shares of face value Rs 2
The company fixed May 12 as the record date for the subdivision of face value of equity shares from Rs 5 to Rs 2
In the past one month, stock has rallied 12 per cent as compared to a 5 per cent decline in the S&P BSE Sensex.
Dixon Technologies said the rationale behind the stock split is to encourage wider participation of small investors and to enhance the liquidity of the equity shares at the stock market.
Ace investors Ashish Kacholia and Vijay Kedia held more than 1 per cent stake in the company as of the December quarter
The company plans to go for a stock split to make shares more affordable for small retail investors and increase liquidity
In the past six months, the stock has rallied 150 per cent, as compared to a 38 per cent rise in the S&P BSE Sensex during the same period
The board has fixed September 30, 2020 as the 'record date' for sub-division of equity shares of the company from existing face value of Rs 10 each to face value of Rs 2 each
Stock split is a process, in which the company divides its existing shares into multiple shares to boost the liquidity of the shares