Shriram Finance Announces Stock Split in 5:1 Ratio

Shriram Finance Ltd, a prominent non-banking financial company (NBFC) in India, has announced a stock split in the ratio of 5:1, reducing the face value of its equity shares from ?10 to ?2 each. The company has fixed January 10, 2025, as the record date to determine shareholder entitlement for the stock split.

Details of the Stock Split

• Old Face Value: ?10 per share.
• New Face Value: ?2 per share after the split.
• Stock Split Ratio: 5:1 (each existing share will split into five).
• Record Date: January 10, 2025.

This corporate action, approved by shareholders through a postal ballot on December 20, 2024, is aimed at enhancing the stock’s liquidity and making it more affordable for a larger pool of investors.

Read full article in detail: https://www.findoc.com/blog/shriram-finance-announces-stock-split-in-5-1-ratio

For more stock market updates, follow Findoc.