Two small cap companies, Comfort Intech Ltd and Mufin Green Finance Ltd has set record date 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.
Comfort Intech Ltd offers personal loans, loans against shares and securities, loans against real estate, trade financing, bill discounting, share and security trading, stock market arbitrage, and commodity trading.
The company has fixed Friday, April 14 as the record date, to decide on the eligibility of shareholders entitled for sub-division of existing equity share of face value of ₹10 each into 10 equity shares of face value of Re 1 each, fully paid-up.
According to trendlyne, the ex-split date for the stock is Thursday, April 13, and the company has split the face value 3 times since October 14, 2009.
Mufin Green Finance Ltd, formerly known as APM Finvest Ltd, a non-banking financial company non-deposit taking (NBFC-ND), has fixed Saturday, April 15 as the record date, to decide on the eligibility of shareholders entitled for sub-division of every 1 equity share of the company having face value of ₹2 each fully paid up into 2 equity shares of face value of Re 1 each.
According to trendlyne, the ex-split date for the stock is Thursday, April 13.
