“The Board of Directors of the company at their meeting held today i.e. 15th January 2025 has fixed the Record Date as mentioned below for the purpose of sub-division/ split of the equity shares of the company, such that 1(one) equity share having face value of Rs 10 (Rupees Ten only) each, fully paid up will be sub-divided/ split into 2(two) equity shares having face value of Rs 5 (Rupees Five only) each, fully paid-up: record date: 31/01/2025 (Friday),” the exchange filing read.
A 1:2 stock split means that for every 1 share an investor holds, it will be split into 2 shares. This effectively doubles the total number of shares held by shareholders, while the stock’s price is halved. The overall value of the investment remains the same, as the split only changes the number of shares and the price per share, not the company’s market capitalization.
Further, the record date is determined by the company to identify shareholders eligible for an offer. To qualify for a buyback, bonus issue, or stock split, shares must be held in the demat account on the record date.
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Shareholders must purchase the stock at least one day before the ex-date to be eligible for these offers, as settlements are completed the following day. Those who buy the stock on the ex-date are not eligible for dividends, splits, bonus issues, or similar benefits.Senco Gold stock split history
According to the Trendlyne data, this is the first ever instance where Senco Gold is splitting its shares.The shares of Senco Gold closed 6.22% higher at Rs 894.25 on the BSE on Wednesday.
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