Stock split 2023: Shares of Shaily Engineering will be in focus today as it trades ex-split today. The company’s board of directors announced a subdivision of shares of a nominal value of ₹10 per share to ₹2 per share of stock. The company board has set a record date for stock split on November 23, 2023. So, those shareholders who would have the share after stock market closes on Thursday, they will be eligible for stock split benefits.
Shaily Engineering informed Indian stock market exchanges about stock split record date citing, “The Board of Directors of the Company has fixed the Record date on November 23, 2023 for sub-division of one (1) equity share of the Company having a face value of Rs. 10 (Rupees Two only) each fully paid up in five (5) equity shares having a nominal value of Rs. 2 (Rupees Two only) each fully paid.”
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Share split of Shaily Engineering 2023
In September 2023, Shaily Engineering Ltd informed Indian stock exchanges about share split decision citing, “Subdivision/division of existing Equity Share of the Company of one (1) equity share having face value of Rs. 10/- each fully paid up. -up in five (5) Equity Shares of face value of Rs. 2/- (Rupees Two only) each fully paid up. The Record Date for such Subdivision/split of equity shares will be indicated in due course.”
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After a gap of almost five years, some corporate activity is happening in shares of Shaily Engineering Ltd. According to the information available on the BSE website, the shares of Shaily Engineering exchanged ex-dividend on 2nd August 2018 to finalize eligible shareholders for payment of ₹7.50 per share interim dividend for the financial year 2018-19. After that, this is the first time that the company board has taken any corporate action regarding the company shares.
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Updated: 23 Nov 2023, 09:41 IST