scorecardresearchThree small-cap companies set record dates for stock split this week; check

Three small-cap companies set record dates for stock split this week; check details

Updated: 13 Dec 2022, 02:54 PM IST
TL;DR.

  • Lancer Container Lines Ltd, Star Housing Finance Ltd, and S & T Corporation Ltd have set December 16 as record date for stock split.

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.

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.

Lancer Container Lines Ltd, Star Housing Finance Ltd, and S & T Corporation Ltd have set December 16 as record date for the purpose of determining eligibility of shareholders for sub-division/split of face value of equity shares.

The ex-date for all the three stocks is same as the record date.

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 shareholder will receive 5 shares for every share they own.

In the case of S & T Corporation, the company on the record date will decide the eligibility of shareholders for the purpose of sub-division of one equity shares having face value of 10 rupees each into 5 equity shares of value of 2 rupees each.

As per trendlyne data, S & T Corporation had last announced stock split in 2016.

Star Housing Finance on the record date will determine the eligibility of shareholders for the purpose of sub-division of one equity share of the face value of 10 rupees each into two equity shares of the face value of 5 rupees each. Star Housing had last split the face value of its shares from 10 to 5 in 2016.

According to Lancer Container Lines' exchange filing, the company has announced stock split from face value of 10 rupees per share to 5 rupees per share. Lancer Container had last split the face value of its shares from 10 to 5 in 2016.

Article
Stock split vs bonus issue
First Published: 13 Dec 2022, 02:54 PM IST