The Board has approved the stock split/ sub- division of shares in the ratio of 1:10. i.e sub- division of equity shares of face value of Rs. 10/- each into equity shares of face value ....
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Bemco Hydraulics Ltd's Board has approved a stock split/sub-division of equity shares in the ratio of 1:10. This means each existing equity share with a face value of Rs. 10/- will be split into 10 equity shares with a reduced face value of Rs. 1/- each. The move is subject to shareholder and regulatory approvals. The total number of shares will increase tenfold, while the overall market capitalisation of the company remains unchanged.
Stock splits typically improve liquidity and make shares more affordable for retail investors, but do not change the underlying value of the company. Existing shareholders will simply hold 10 times more shares at one-tenth the price post the effective date.