Overview
- Shares began trading in split-adjusted form on December 5, and any steep fall on charts reflects only the arithmetic price adjustment.
- Each existing share has been divided into five, reducing the face value from Rs 10 to Rs 2 per share.
- Eligibility was based on the December 5 record date, with December 4 as the last trading day to buy under T+1 settlement.
- Split shares are expected to be credited to investors’ demat accounts within one to two working days after the record date.
- The action accompanied September-quarter results showing revenue of Rs 376.74 crore (up 3.2% YoY), net profit of Rs 114.94 crore (down 5.7% YoY), and an interim dividend of Rs 14 per share.