Stock split 2023: Teamo Productions sets record date for stock sub-division. Share touches 52-week high | Mint
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Business News/ Markets / Stock Markets/  Stock split 2023: Teamo Productions sets record date for stock sub-division. Share touches 52-week high
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Stock split 2023: Teamo Productions sets record date for stock sub-division. Share touches 52-week high

Stock split 2023: Board of directors of Teamo Productions has fixed 14th December 2023 as record date for stock sub-division in 1:10 ratio

Teamo Produtions share price today ascended to new 52-week high of ₹10.95 apiece on NSE during morning deals.Premium
Teamo Produtions share price today ascended to new 52-week high of 10.95 apiece on NSE during morning deals.

Stock split 2023: The board of directors of Teamo Productions HQ Ltd has fixed record date for stock split. The company board fixed 14th December 2023 as cut off date for finalising the eligible shareholders for stock sub-division benefit. The company board also considered and approved stock split proposal in 1:10 ratio. This means, one stock of the company with face value of 10 per equity share will be sub-divided into 10 shares with a face value of Re 1 per share.

Teamo Productions stock split details

Teamo Productions informed Indian stock market bourses about stock split record date citing, "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) 2015, we wish to inform you that pursuant to the shareholders’ approval obtained though postal ballot on November 26, 2023, the Company has fixed Record Date as mentioned below in the table for the purpose of subdivision/split of 1 (one) Equity Shares and preference shares of the Company having a face value of Rs. 10/- each into 10 (Ten) Equity shares and Preference shares ,respectively, of the company having face value of Re. 1 each."

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On purpose of fixing record date for stock split, Teamo Productions HQ Ltd told stock market exchanges, "Determining the eligibility of Shareholders for the purpose of subdivision/split of each Equity Share and Preference share having face value of Rs.10/- each into 10 (Ten) Equity Shares and Preference shares, respectively, having face value of Re.1/- each."

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Stock split record date would be second big corporate action taking place at Teamo Productions HQ Ltd in current year. Shares of this small-cap company traded ex-date on 18th April 2023 for issuance of Rights Issue.

Stock at 52-week high

After outbreak of this stock market news, shares of Teamo Productions HQ Ltd witness buying interest during morning deals, which led to rise in stock price. After opening upside the stock went on to touch intraday high of 10.95 apiece on NSE, which is its new 52-week high now.

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ABOUT THE AUTHOR
Asit Manohar
Chief Content Producer at Live Mint Digital Team
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates.
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Published: 30 Nov 2023, 03:13 PM IST
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