V2 Retail board approves 1:10 stock split, 1 share of Rs 10 to become 10 of Rs 1
V2RETAIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.7 pts less than Nifty Microcap 250 and 2.1 pts less than its Speciality Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board approved subdivision of 1 equity share of Rs 10 face value into 10 equity shares of Rs 1 each. Rationale is to improve liquidity and make shares more affordable for retail investors. Postal ballot notice approved to seek shareholder approval. Pre-split issued capital stands at 3,64,63,755 shares of Rs 10; post-split it will be 36,46,37,550 shares of Rs 1. Completion expected within 2 months of member approval.
Share price will adjust downward roughly tenfold after the split, making shares more affordable. Total company value is unchanged.