Shriram Finance Ltd, a prominent non-banking financial company (NBFC) in India, has announced a stock split in the ratio of 5:1, reducing the face value of its equity shares from ₹10 to ₹2 each.
The company has fixed January 10, 2025, as the record date to determine shareholder entitlement for the stock split.
Details of the Stock Split
- Old Face Value: ₹10 per share.
- New Face Value: ₹2 per share after the split.
- Stock Split Ratio: 5:1 (each existing share will split into five).
- Record Date: January 10, 2025.
This corporate action, approved by shareholders through a postal ballot on December 20, 2024, is aimed at enhancing the stock’s liquidity and making it more affordable for a larger pool of investors.
Read full article: https://www.findoc.com/blog/shriram-finance-announces-stock-split-in-5-1-ratio
