Dev Information Technology Limited has informed the Exchange that Record date for the purpose of Split/Subdivision is 21-Aug-2025.
DEVIT · price
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Dev Information Technology Limited has fixed Thursday, August 21, 2025, as the record date for the sub-division (split) of its equity shares. Each equity share with a face value of ₹5 will be sub-divided into shares with a face value of ₹2 each (effectively a 2.5:1 split, turning every 2 shares of ₹5 into 5 shares of ₹2). The decision was taken by the board of directors at their meeting held on July 25, 2025. Shareholders holding shares as of the record date will be entitled to the split shares.
A stock split makes shares more affordable and increases liquidity, potentially attracting more retail investors. The total value of holdings remains unchanged, but share price will adjust downward proportionally once the split becomes effective.