Sub-division of equity shares of Visaka Industries Ltd.

A 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 Visaka Industries Ltd. (Scrip Code: 509055) will be subdivided into 5 equity shares. The key dates for the same are as follows:

Company NameSymbolSub-division RatioRecord DateEx-split Date
Visaka Industries Ltd.VISAKAIND1:515-May15-May

Refer: BSE circular

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