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 Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
Visaka Industries Ltd. | VISAKAIND | 1:5 | 15-May | 15-May |
Refer: BSE circular