Share India board set the record date for their 1:5 stock split as June 27, 2024 . This means that only shareholders who hold shares of the company on that date will be eligible to receive the additional shares created by the stock split.
The face value of the shares will also be reduced from Rs 10 to Rs 2 after the split.
Stock splits typically don’t change the overall value of your investment, but they can make the shares more affordable for individual investors.