Stock split 2023: The board of directors of Teamo Productions HQ Ltd has set a record date for a stock split. The company’s board has set December 14, 2023 as a deadline for finalizing the eligible shareholders for a share subdivision benefit. The company board also considered and approved a share split proposal in 1:10 ratio. This means, one share of the company with a nominal value of ₹10 per equity share will be subdivided into 10 shares with a face value of Re 1 per share.
Team Productions shares shared details
Team Productions informed Indian stock exchanges about share split record date citing, “As per SEBI Regulation 42 (Listing Obligations and Disclosure Requirements) 2015, we wish to inform you that as per the approval of the shareholders obtained through postal ballot on November 26 ., 2023, the Company has fixed a Record Date as mentioned below in the table for subdivision/split of 1 (one) Equity Shares and preference shares of the Company having a face value of Rs. 10/- each into 10 (Ten). ) Shares shares and Preference shares, respectively, of the company having a face value of Re. 1 each.”
Read also: Can gold price climb to $2,400 levels in 2024 – explained by 5 reasons
In order to fix a record date for stock split, Team Productions HQ Ltd told stock market exchanges, “To determine the eligibility of Shareholders for the purpose of sub-division/split of each Equity Share and Preference share having a face value of Rs.10/- each in. 10 (Ten ) Equity Shares and Preference shares, respectively, having a nominal value of Re.1/- each.”
Read also: Quant Mutual Fund, US FII invests in Man Infrastructure stocks
The share split record date would be the second major corporate action to take place at Teamo Productions HQ Ltd in the current year. Shares of this small cap company traded expiring on 18 April 2023 for a Rights issue.
Stock at 52-week high
After an explosion of these stock market news, shares of Team Productions HQ Ltd are witnessing buying interest during morning offers, which has led to a rise in share price. After opening up the stock went on to touch an intraday high of ₹10.95 each on NSE, which is now its new 52-week high.
Disclaimer: The views and recommendations made above are those of individual analysts or trading companies, and not of Mint. We advise investors to check with certified experts before making any investment decision.
Milestone Warning!Livemint tops charts as the fastest growing news site in the world 🌏 Click here to know more
Catch all Business News, Market News, News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More or less
Updated: 30 Nov 2023, 15:13 IST