Debt Free Small Cap Companies In India 2022 : The Board of Directors of Anjani Foods Ltd has announced the record date for Stock Split. The company board has fixed 21 October 2022 as the record date for stock split. This company has already approved the stock split in the ratio of 5:1. Under stock split, the company splits its shares.
Record set for sub-division
As per the information available on the BSE website, the trading member of the Exchange has been informed that Anjani Foods Limited has fixed the record date for sub-division of equity shares of BSE Listed Company with a market cap of Rs.95 crores as on October 21, 2022. of it.”
division will be like this
Let us tell you that while informing the Indian Stock Market Exchanges about the stock split, Anjani Foods Limited says that as per Rule 42 of SEBI (LODR) 2015, the record date is Friday, October 21, 2022. as determined. There shall be a split / sub-division of equity shares of Rs.10/- for shareholders into five (5) equity shares of Rs.2/- each.
70% profit to investors
Let us tell you that in the last 1 year, the shares of Anjani Foods have been going through a sell-off phase since June 2022. The stock has shown a sharp jump in the last 6 months and has registered a growth of more than 50 percent in this period. However, this small-cap stock is one of those stocks which has given great returns to its shareholders in the last 5 years. This small-cap stock has grown from a level of around Rs 21 to Rs 171.50 per share level in the last 5 years, providing almost 700 per cent return to the shareholders.
what is share split
It is known that if a company divides its shares into 2 parts, then the shareholders get one additional share for every share held by it. This doubles the number of shares already held by the investors. This does not affect the value of the investment, as splitting each of the two shares into two shares halves the value of each share.
Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)
read this also-