Shares of Kotak Mahindra Bank only 'appeared' to crash 80 percent on Wednesday, due to the bank’s 5:1 stock split. On a split-adjusted basis, the stock was trading around Rs 419-420, down about 1.6 percent, with no impact on investor value. The shareholdings in demat accounts will automatically increase fivefold.
The record date for the purpose of split of equity shares shall be decided after obtaining shareholders’ approval, said Sri Adhikari Brothers Television Network
MCX share price: In reality the stock jumped around 4 percent to hit a fresh 52-week high of Rs 2,278 apiece, adjusting for the stock split.
MCX stock split: MCX has fixed January 2 as the record date for its first-ever stock split.
Adani Power share price: Morgan Stanley initiated call on Adani Power with an 'overweight' rating after SEBI cleared Gautam Adani and his business conglomerate of Hindenburg Research's stock manipulation charges.
Tata Investment Corporation stock split: The Tata Group company said it has approved the stock split in order to "enhance the liquidity of Company's equity shares and to encourage participation of retail investors by making equity shares of the Company more affordable".
Adani Power announces its first-ever stock split in the ratio of 1:5.
Adani Power Q1 results: Revenue rises 6% to Rs 14,109 crore
BEML stock split: The record date to determine the eligibility of the shareholders set to receive the payment is yet to be announced.
Bajaj Finance share price: The leading NBFC on April 29 had announced a bonus issue of shares in the ratio of 4:1, and a stock split in the ratio of 1:2.
Along with the stock split and bonus issue, Bajaj Finance had also announced a final dividend of Rs 44 per equity share and a special dividend of Rs 12 per equity share. This took the total dividend announced by the firm to Rs 56 per share during FY25.
Bajaj Finance’s net profit rose 17% YoY to Rs 4,480 crore. Revenue from operations meanwhile rose to Rs 18,457 crore.
Shares of the Info Edge were higher by over 2.5% at 11:50am, soon after the announcement was made.
The shares of the Sanjiv Bhikchandani-led company are currently over 57 percent higher than the 52-week-low record of Rs 4,871 apiece.
The current face value of each stock of Mazagon Dock is Rs 10 and it will also be the first stock split in the company's history.
The company had earlier sub-divided its shares in the ratio 10:2 in October 2021.
PC Jeweller Ltd has announced a 1:10 stock split and plans to raise Rs 646 crore through 11.5 crore convertible warrants priced at Rs 56.20 each. The stock surged 5 percent to Rs 187.07 on October 1.
If the board agrees to make the shares cheaper, it will be the LIC-backed multibagger small cap company’s first stock split
Sebi has sought public comments by August 26 to the consultation paper in order to streamline and reduction the timelines of bonus issues.
The meteoric ride allowed Nvidia to briefly surpass Apple last week as the second most valuable company in the U.S. Nvidia surpassed $3 trillion in market value
The split, aimed at lowering per-share value to make it more affordable for employees and investors, increases the company's outstanding shares without changing the stock's valuation
The company also appointed G Gayatri Prasad as its new CFO
Waaree Renewable has been rising since last week after the parent company Waaree Energies filed papers for an initial public offering
Nestle India had announced in October that the company will split its stock in a ratio of 1:10
Shareholders of HAL approved sub division of equity shares of the defence company in its 60th Annual General Meeting held on August 31, 2023. HAL has fixed Friday, September 29 as the Record Date for stock split.