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Business News/ Markets / Stock Split this week: Four small-cap companies set record dates: check details
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Stock Split this week: Four small-cap companies set record dates: check details

Shreeji Translogistics Ltd, Vaxtex Cotfab Ltd, Accuracy Shipping Ltd, and KCD Industries India Ltd, have set record dates this week for stock split.

A stock split occurs when a company issues extra shares to its existing shareholders while reducing the face value of each share by a predetermined ratio.Premium
A stock split occurs when a company issues extra shares to its existing shareholders while reducing the face value of each share by a predetermined ratio.

Four small-cap companies, Shreeji Translogistics Ltd, Vaxtex Cotfab Ltd, Accuracy Shipping Ltd, and KCD Industries India Ltd, have set record dates this week for the purpose of determining eligibility of shareholders for sub-division/split of face value of equity shares.

A stock split occurs when a company issues extra shares to its existing shareholders while reducing the face value of each share by a predetermined ratio. For instance, if the ratio is 1:5, then the shareholders will receive 5 shares for every share they own.

Also Read: How are stock splits benefiting companies?

Shreeji Translogistics Ltd an India-based surface logistics and parcel delivery service provider has fixed Wednesday, February 15, as the record date for the purpose of determining eligible shareholders for sub-division of each equity share of face value of Rs 10 each into five equity shares of face value of Rs 2 each.

The ex-split date for the stock is similar to its record date.

Vaxtex Cotfab Ltd, an India-based company that is focused on manufacturing a range of fabrics and garments in the textile industry has also fixed Wednesday, February, 15 as the record date, to decide on the eligibility of shareholders entitled for sub-division/ split of one equity share of the company having face value of Rs 2 each into two equity shares having face value of Re 1 each.

According to trendlyne, the company has split the face value twice since March 28, 2022. The ex-split date for the stock is similar to its record date.

Accuracy Shipping Ltd involved in providing customised and end-to-end logistics solutions and services has fixed Wednesday, February 15 for the purpose of sub-division of one equity share of Rs 10 each into 10 equity shares of Rs 1.

The ex-split date for the stock is similar to its record date.

KCD Industries India Ltd formerly known as Ruchika Industries India Ltd engaged into manufacturing of electronic components business has fixed Friday, February 17 as the record date for the purpose of sub-division of one equity share having face value of Rs 5 each into five equity shares having face value of Rs 1 each.

As per trendlyne data, the company has split the face value 2 times since April 10, 2018. The ex-split date for the stock is similar to its record date.

 

Stock split vs bonus issue
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Stock split vs bonus issue

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Published: 13 Feb 2023, 08:16 AM IST
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