Nava Ltd Announces Stock Split to Boost Liquidity

Nava Ltd, a prominent small-cap stock and a leading player in ferroalloy manufacturing, has announced its decision to implement a stock split. This marks the company’s second such corporate action since its inception, demonstrating its commitment to enhancing liquidity and accessibility for investors.

Key Details of the Stock Split

Stock Split Ratio: 1:2

– Each equity share with a face value of ?2 will be split into two shares with a face value of ?1.

Objective:

• Increased Accessibility: By lowering the share price, the company aims to make its stock more affordable for retail investors.
• Enhanced Liquidity: A higher number of outstanding shares in the market can result in improved trading activity.

Record Date: 20th January is the record date determined for shareholder eligibility.

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