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.