BSEHindusthan Insulators & Industries LtdMinimalNeutral
Announced Mon, 16 Mar · 18:12 IST
Intimation of credit confirmation
Compliance View source PDF
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Hindusthan Insulators & Industries Ltd has informed BSE that the sub-division of its equity shares is now effective in shareholders' demat accounts. Each existing equity share of face value Rs. 10 has been split into 5 equity shares of face value Rs. 2. The new shares have been credited by both NSDL and CDSL under the new ISIN INE799B01025. Confirmation letters from both depositories have been enclosed with the filing.
Likely market impact
Shareholders will now hold 5 times the number of shares they previously held, though the overall value of their holding remains the same. The lower face value and higher share count may improve liquidity and make the stock more affordable for retail investors.