Sub-division of equity shares of Mafatlal Industries Ltd.

Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.

As per a recent circular, 1 equity share of Mafatlal Industries  Ltd. (Scrip Code: 500264) will be sub-divided into 5 equity shares. The key dates for the same are as follows:

Company NameSymbolSub-division RatioRecord DateEx-split Date
Mafatlal Industries Ltd.MAFATIND1:525-Nov25-Nov

Refer: BSE circular

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