BSEUnited Van Der Horst LtdMediumNeutral
Announced Fri, 26 Sept · 22:07 IST

Sub-division/Stock Split of Equity Shares of the Company from face value of Rs. 5/- each to Re. 1/- each

Stock SplitCorporate Actions View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The Board of Directors of United Van Der Horst Ltd approved a stock split/sub-division of equity shares in the ratio of 1:5, meaning each equity share of face value Rs. 5 will be divided into 5 equity shares of Re. 1 each. This will increase the total number of fully paid-up equity shares from 1,37,87,400 to 6,89,37,000, while keeping the total share capital unchanged at Rs. 6,89,37,000. The rationale is to improve liquidity and make the shares more affordable for small investors. The split is subject to shareholder approval, and the record date will be announced later.

Likely market impact

The stock split lowers the per-share price, making it more accessible to retail investors and potentially boosting trading volumes and liquidity. Existing shareholders will own 5 times more shares, but the overall value of their holding remains the same immediately after the split.