Stock Split 2024: Trishakti Industries shares to trade ex-split today
₹10 per equity share to ₹2 per share. The record date to ascertain the eligibility of shareholders for the stock split has been fixed on January 16. In a stock exchange filing, Trishakti Industries Ltd said: “In connection with the Letter submitted dated 30-12-2023, for intimation of Stock Split/Sub Division of Shares.
In terms of Regulation 30 of the SEBI (LODR) Regulation, 2015, please be informed that the shareholders of the Company have passed the Resolution for Stock Split / Sub Division of Equity Shares of the Company from the face value of Rs. 10/- to face value of Rs. 2/- per share through postal ballot concluded yesterday.
The company has fixed the Record Date as Tuesday, 16th January 2023." Shares of Trishakti Industries will trade ex-split on Tuesday. Trishakti Industries stock closed at ₹182.60, up 1.98% on the BSE on Monday. A stock split or sub division of shares is a corporate action.
It happens when a listed company hikes the number of its shares to boost the stock’s liquidity. The number of shares outstanding increases by a specific multiple, but the total currency value of all shares outstanding remains the same as there is no change in the company’s total market capitalization. For example, if a company has declared a stock split in the ratio of 1:2, that means for every equity share held before the split each shareholder will have two equity shares after the split.
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