Indian Companies Announce Record Stock Splits in October
Several prominent Indian companies have announced equity share sub-divisions, commonly known as stock market splits, with record dates set in mid-October. Rolex Rings Ltd, A B Infrabuild Ltd, and Sunrakshakk Industries India Ltd are among those planning 1:10 splits on October 17, while Gokul Agro Resources Ltd and Tata Investment Corporation Ltd have set October 14 for their respective 1:2 and 1:10 splits.
Rolex Rings Ltd, with a market capitalization of Rs 3,643.14 crore, and A B Infrabuild Ltd, valued at Rs 1,283.97 crore, both aim to divide their shares tenfold on October 17. Sunrakshakk Industries India Ltd, with a market capitalization of Rs 790.64 crore, plans a 1:5 split on the same date. Gokul Agro Resources Ltd, valued at Rs 5,486.40 crore, and Tata Investment Corporation Ltd, with a market capitalization of Rs 47,056.91 crore, have set October 14 for their 1:2 and 1:10 splits respectively.
Stock market splits are corporate actions that increase the number of shares while maintaining the overall market value. They can make shares more affordable for investors and potentially boost liquidity. These companies' decisions to split their shares indicate a positive outlook on their future growth and investor sentiment.
With record dates set in mid-October, these companies are poised to execute their stock market splits, potentially making their shares more accessible to investors. Shareholders of record on the specified dates will receive additional shares based on the announced split ratios.
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