Singham stock goes for split: Record date for Ajay Devgn-owned stock tomorrow
Panorama Studios International has announced July 31 as the record date for its 1:5 stock split. This means today is the last day to purchase shares in order to qualify for the split.
Earlier in June, Panorama Studios revealed that it would split its shares in a 1:5 ratio. As a result, each share with a face value of Rs 10 will be split into 5 shares with a face value of Rs 2 each.
The record date for the split was announced in July. Investors who purchase the stock on or after the record date will not be eligible to benefit from the stock split.
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“We wish to intimate you that Panorama Studios International Limited (‘the Company’) has fixed Wednesday, July 31, 2024 as ‘Record Date’ for the purpose of determining the eligibility of shareholders of the Company for Subdivision/Split of each fully paid-up equity share having face value of Rs 10/- (Rupees Ten Only) each be Sub-divided into 5 (Five) fully equity shares having Face value of Rs.2/- (Rupees Two Only), as approved by the shareholders in the Extra-Ordinary General Meeting dated 2nd July, 2024,” the company had said in a filing to the stock exchanges.
According to the latest shareholding pattern of the company available on BSE, the company promoters hold a 67.16% stake in the company, and the public holds the remaining 32.84%, including a 1.5% stake, which Singham-actor Devgn holds.
As per the authorized share capital, 1.60 crore shares of the company with a face value of Rs 10 will
