Four Companies Announce Stock Splits with Record Dates This Week
Zydus Wellness, GHV Infra Projects, Kesar Enterprises, and Tourism Finance Corporation of India have announced stock splits. GHV Infra Projects will split from Rs 10 to Rs 5 (record date: Sept 16). Kesar Enterprises will split from Rs 10 to Rs 1 (record date: Sept 18). Zydus Wellness will split from Rs 10 to Rs 2 (record date: Sept 18). Tourism Finance Corporation of India will split from Rs 10 to Rs 2 (record date: Sept 19). Investors must purchase shares at least one trading day before the record dates due to India's T+1 settlement cycle.
*this image is generated using AI for illustrative purposes only.
In a series of corporate actions, four companies have announced stock splits, with record dates scheduled for this week. The companies implementing these splits are Zydus Wellness Ltd., GHV Infra Projects Ltd., Kesar Enterprises Ltd., and Tourism Finance Corporation of India Ltd.
Company-Specific Stock Split Details
GHV Infra Projects Ltd.
GHV Infra Projects Ltd. is set to split its shares from a face value of Rs 10.00 to Rs 5.00. The record date for this stock split is September 16.
Kesar Enterprises Ltd.
Kesar Enterprises Ltd. has announced a more significant split, dividing its shares from a face value of Rs 10.00 to Rs 1.00 per share. The record date for this split is September 18.
Zydus Wellness Ltd.
Zydus Wellness Ltd. will be splitting its shares from a face value of Rs 10.00 to Rs 2.00. The record date for this corporate action is also September 18.
Tourism Finance Corporation of India Ltd.
Tourism Finance Corporation of India Ltd. has declared a stock split from Rs 10.00 to Rs 2.00 per share. The record date for this split is set for September 19.
Implications for Investors
Due to India's T+1 settlement cycle, investors must purchase shares at least one trading day before the respective record dates to be eligible for these stock splits.
Stock splits are often implemented to increase the liquidity of shares and make them more accessible to a broader range of investors. While the overall value of an investor's holding remains the same, the number of shares increases proportionately to the split ratio.
Investors and market participants are advised to take note of these record dates and plan their investment strategies accordingly. As always, it's recommended to conduct thorough research and consider seeking professional financial advice before making investment decisions based on corporate actions such as stock splits.
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