Stock split 2024: Multibagger stock OK Play India to consider share subdivision this month
Stock split 2024: Shares of OK Play India Ltd are one of the multibagger stocks that the Indian stock market has delivered in the last one year. At this time, this small-cap stock with a market cap of around 400 crore has risen from around ₹46.50 to ₹150 apiece levels, logging to the tune of a 225 per cent rise in this time.
However, after delivering stellar returns to its long-term investors, OK Play India Ltd has decided to continue focusing on the marginal investors who have a small amount for investment. The small-cap company has informed Indian stock market bourses that it would be considering the proposal for a stock split in its upcoming board meeting.
The board meeting to consider and approve the stock split has been fixed on 30th January 2024. In latest exchange filing, OK Play India Ltd informed Indian stock market exchanges about the stock split proposal saying, "We wish to inform you that pursuant to regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015 a meeting of the Board of Directors of the Company is being convened on Tuesday, the 30th day of January, 2024: Sub-division/ split of existing equity shares of face value of Rs.
10/- each, fully paid-up, by alteration of Capital Clause of the Memorandum of Association of the Company." As mentioned above, OK Play India shares are one of the multibagger stocks that Dalal Street has produced in the last one year. However, the multibagger stock has remained under base-building mode in recent sessions.
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