Indian stock market today: Multibagger stock sets record date for 1:10 stock split. Rises 350% in five years
Indian stock market today: OK Play India shares are one of the multibagger stocks that the Indian stock market has delivered in the last one year. The small-cap stock with a market cap of around ₹547 crore has delivered around 140 percent in the last one year, whereas in the last five years, this multibagger stock has risen to the tune of over 350 percent.
However, it seems that small-cap stocks want to attract small-ticket-sized investors after ascending to such an extent in the last five years. The board of directors of the multibagger stock has declared a 1:10 stock split and the company board has also fixed 11th March 2024 as the record date for finalizing the list of eligible shareholders for the benefit of stock subdivision.
In its latest stock market exchange filing, the board of directors of this small-cap multibagger stock declared the record date for stock split on Monday saying, "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Company has fixed Monday, 11th March 2024 as the “Record Date" for determining entitlement of Equity Shareholders for the purpose of sub-division/ split of existing Equity Shares of the Company, such that 1 (one) equity share having face value of Rs. 10/- (Rupees ten only) each, fully paid-up, will be sub-divided into 10 (ten) equity shares having face value of Re.
1/- (Rupee one only) each, fully paid-up, ranking pari-passu in all respects which was approved by the Equity Shareholders through Extra-Ordinary General Meeting on 23rd February 2024." As mentioned above, this small-cap stock is one of the multibagger stocks that the Indian stock market has delivered in the last one year. In this time,
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