10:1 STOCK SPLIT: EX-DATE SEPTEMBER 20; STOCK UP 1638.93% IN...
Stocks Split 2024: After surging by a massive 1638.93 per cent in the past three years, a small cap stock is set to become ten times cheaper, splitting from face value Rs 10 into 10 equal units of Re 1 each. Moreover, this small cap stock has gained over 5032 per cent in the last five years as per BSE analytics, as of September 6.
So, the stock under discussion is Fedders Holdings Limited (formerly IM+ Capitals Limited). Fedders Holdings is an India-based corporate and transaction advisory firm that especially focuses on the real estate sector, and also provides its advisory services to both the corporate and retail fronts.
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Fedders Holdings stock split
The board of directors of the company at their meeting held on July 9 recommended the proposal of stock split in the ratio of 10:1."Recommended the proposal of sub-division of equity share of face value of Rs. 10 /- each fully paid up into equity shares of face value of Re. 1/- each fully paid up at the "Record Date" to be determined as authorized by the Board of Directors, subsequent to the approval of the shareholders in General Meeting of the Company," said the company in an exchange filing.
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Fedders Holdings stock split record date
The company has fixed September 20 as the record date for its upcoming stock split."... the Company has fixed Friday, 20 September, 2024 as the “Record date” for determining eligibility of members for the purpose of sub-division of the equity shares of the Company from Face Value of Rs. 10/- each fully paid-up to Face Value of Rs. 1/- each fully paidup," Fedders Holdings said in a regulatory filing dated September 5.
Fedders Holdings share price
On Friday, September 6, the small cap stock closed in the red at Rs 895.55 per share, down 0.25 per cent against the previous close of Rs 897.75 per share. The stock opened higher at Rs 900 and traded in the range of Rs 914.90 and Rs 885 per share on BSE.Related News |
As per BSE analytics as of September 6, this small cap stock has surged by a massive 5032.09 and 1638.93 per cent in the last five and three years. Moreover, it has more than doubled its investors' returns in the past two years, gaining 707.17 per cent. Meanwhile, if we look at its one year performance, it has gained 63.11 per cent.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
2024-09-07T05:46:46Z dg43tfdfdgfd