Stock Split, Share Price Rs 83: Ex-date, record date today; are you eligible?

stock split under rs 100 sonam limited ex-date, record date today; are you eligible?

Stock Split Under Rs 100: Sonam Limited, stock under Rs 100 and a consumer electronics company, is all set for the sub-division of equities or stock split. Sonam Limited has announced the split ratio and record date for the share split.

A stock split is one of corporate actions wherein a listed company splits the face value of equity shares in a certain ratio.

Stock Split Today

According to an exchange filing by Sonam Limited, the board has approved the sub-division of shares in the ratio of 2:1. It means that each equity share will split into two equity shares.

The current face value of each share of Sonam Limited is Rs 10. Once the split takes effect, the new face value of each share of Sonam Limited would become Rs 5.

“Sub-division / Split of Existing 1 Equity Share of face value of Rs 10 each, fully paid up, into 2 Equity Shares of face value of Rs 5 each, fully paid up…,” the Sonam Limited said in a filing.

Sonam Limited Stock Split 2024 Record Date

The board of Sonam Limited has also fixed the record date for determining the eligibility of shareholders’ participation in the sub-division. Sonam Limited stock split record date is May 10.

“…Record Date, i.e., Friday, May 10, 2024..,” as per a company statement on NSE.

Sonam Limited is engaged in the manufacturing and sale of horological items, clock movements and related items.

Sonam Limited shares are listed on NSE. Its shares have a 52-week range of Rs 104.56 – Rs 55.27. The company commands a market cap of Rs 62,170.98 crore.

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