Announced Tue, 30 Jun · 14:01 IST
Board approves 1:10 stock split of equity shares
Board & Shareholder Meetings View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-0.1%1-day move
₹4450.05
prior close
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base price
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AI summary
Board of Midwest Energy (formerly Midwest Gold) approved a 1:10 stock split, reducing face value from Rs. 10 to Rs. 1 per share. Issued shares will rise from about 1.30 crore to about 12.97 crore. Rationale: enhance liquidity and make shares more affordable for retail investors. Subject to shareholder approval. Record date to be announced later. Also approved change to MOA Clause V.
Likely market impact
Higher share count with lower per-share price; total company value unchanged. Awaiting shareholder approval.