Sub-division of equity shares of Manorama 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 BSE circular, 1 equity share of Manorama Industries Ltd. (Scrip Code: 541974) will be sub-divided into 5 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Manorama Industries Ltd. | MANORAMA | 1:5 | 08-Mar | 07-Mar |
Refer: BSE Circular