Multibagger small cap 2:1 stock split record date tomorrow. Last chance to buy
small cap company Pondy Oxides and Chemicals had announced a stock split in the ratio 2:1, for which they had fixed October 16 as the record date, which means today is the last date to buy the shares of the company to be eligible for the benefit of the stock split.
“The Board of Directors of the Company in their meeting held today, i.e., 23rd September 2024 at 03.00 P.M. (1ST), have fixed the Record date on Wednesday, 16th October 2024 for the purpose of determining the eligible shareholders of the Company for Sub-division / Split of the 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 be sub-divided into 2 (Two) equity shares having a face value of Rs. 5/- (Rupees Five only) each,” the company had informed via an exchange filing.
Under the stock split, each existing equity share of face value of Rs 10 will be split into 2 equity shares of face value of Rs 2.
Prior to this, Pondy Oxides has split its shares twice in 2005 and 2007.
The shares of Pondy Oxides have given multibagger returns of 374.5% in the last one year while in the current calendar year, the same have increased by 335.8%, according to the BSE analytics.
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