Given multibagger return YTD, this stock announces stock split: Details here

Market


The company has said in a regulatory filing that “The Board of Directors of the Company, at its Meeting held today, i.e., 17th September 2022, has inter alia, considered and unanimously approved Sub-division (split) of existing Equity Share of the Company from one (1) equity share having a face value of Rs. 10/- each (fully paid-up) into five (5) Equity Shares of face value of Rs. 2/- each (fully paid-up). The Record Date for such sub-division (split) of equity shares will be intimated in due course.”

Stock split details of Mafatlal Industries as per the data available on stock exchanges

Pre-Split Capital Structure

(Authorised Share Capital)

No. of Shares: 10,00,00,000 shares

Face Value (Rs.)- 10

Total Shares Capital (Rs.): 1,00,00,00,000

(Issued Paid-up and subscribed Capital)

No. of Shares: 1,40,96,486

Face value: 10/-

Total Shares Capital (Rs.): 14,09,64,860

Post-Split Capital Structure

(Authorised Share Capital)

No. of Shares: 35,00,00,000 (Equity Shares), Face Value (Rs.) 2/-, Total Shares Capital (Rs.) 70,00,00,000. 3,00,00,000 (Preference Shares), Face Value (Rs.) 10/-, Total Shares Capital (Rs.) 30,00,00,000.

(Issued Paid-up and subscribed Capital)

No. of Shares: 7,04,82,430 (Equity Shares), Face Value (Rs.) 2/-, Total Shares Capital (Rs.) 14,09,64,860.

Expected time of completion: Within 2 months from approval of the shareholders and subject to necessary approvals.

The Existing authorised capital of the Company is divided into two parts. Equity Share 1,42,45,081 of Rs. 10/- each Rs. 14,24,50,810/- and Unclassified Shares 8,57,54,919 of Rs.10/- each Rs. 85,75,49,190/-.

The Authorized Share Capital of the Company is INR 1,00,00,000,00/- (Indian Rupees One Hundred Crore only), divided into (i) 35,00,00,000 (Thirty-Five Crore Only) equity shares of INR 2/- (Indian Rupees Two only) each. (ii) 3,00,00,000 (Three Crore Only) preference shares of INR10/- (Indian Rupees Ten only) each.

Mafatlal Industries Ltd.’s shares ended trading on Friday at Rs. 359.05 a piece, down 4.99% from the previous close of Rs. 377.90. In the last 1 year the stock has given a multibagger return of 152.76% and on a YTD basis the stock has generated a multibagger of 103.60% so far in 2022.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.
Download The Mint News App to get Daily Market Updates.

More
Less

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

Post your comment



Source link

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments