Stock split 2024: Small-cap stock Rushil Decor sets board meeting date to consider stock subdivision
Stock split 2024: The board of directors of Rushil Decor Ltd will consider a stock split proposal in its upcoming meeting. The company board meeting is scheduled for May 24 2024.
If approved, this will be the first time the mainboard issue will undergo a stock split after listing on the Indian bourses in July 2011. The mainboard IPO was launched in June 2011 at a price band of ₹63 to ₹72 per equity share.
A stock split could increase the liquidity of the company's shares, making them more affordable and attractive to a broader range of investors. This could lead to an increase in the company's market capitalization and potentially its stock price.
Rushil Decor share price ended on Friday last week at ₹330.50 apiece on NSE. The small-cap company informed the Indian stock market exchanges about the stock split proposal, saying, "In terms of Regulation 29(3)(a) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Notice.
is hereby given that a Meeting of the Board of Directors of the. Company is scheduled to be held on Friday, May 24, 2024, inter-alia, to consider and approve the proposal for sub-division / split of existing Equity Shares of the Company, having a Face Value of ₹10/- each, fully paid up, in such manner as may be determined by the Board of Directors, subject to the approval of Shareholders of the Company and any other regulatory/ statutory approvals (if any)." Also Read: Remedium Lifecare board to consider issuance of bonus shares after 1:5 stock split "Further, pursuant to the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the Company's Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons,
. Read more on livemint.com
