BAJAJ BROKING
Sapphire Foods India Limited plans a 1:5 stock split, reducing face value from ₹10 to ₹2 per share. This aims to enhance liquidity and expand the shareholder base. Approval is pending at the 15th AGM, with completion expected in three months.
On June 19, 2024, Sapphire Foods India Limited, operator of KFC and Pizza Hut outlets, announced that its board of directors had approved the stock split of the company’s equity shares.
This strategic decision involves splitting each existing equity share with a face value of ₹10 into five equity shares with a face value of ₹2 each.
The proposed share split is subject to approval from the company’s shareholders at the upcoming 15th Annual General Meeting (AGM).
According to a stock exchange filing, the resolution to alter the share capital structure will be presented for consideration.
Explore:Sapphire Foods India Ltd Share Price
The primary objective of this stock split is to enhance the liquidity of Sapphire Foods' equity shares in the capital markets.
By reducing the face value of shares, the company aims to broaden its shareholder base, making shares more accessible to a larger number of investors.
Sapphire Foods stock split process is likely to complete within three months of obtaining shareholder approval and on fulfilling the necessary formalities.
The company will announce the specific dates for the 15th AGM and the record date for the share split in due course.
This strategic move by Sapphire Foods is anticipated to make the company's shares more attractive and increase trading activity, thereby potentially improving the overall market performance of its stock.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Share Market Today | Gift Nifty Signals 100-Point Gap Down, Nifty to Consolidate
06 Sep, 2024 | 4 Min. read
KEC International Secures ₹1,423 Cr Transmission Line Order in Saudi Arabia
06 Sep, 2024 | 1 Min. read
Ashoka Buildcon’s Viva Highways Monetises Pune Land for ₹453 Crore
06 Sep, 2024 | 2 Min. read
Peak Partners To Sell 11% Stake in Indigo Paints via Block Deal
06 Sep, 2024 | 2 Min. read
US Initial Jobless Claims Drop to 227,000 in August.
06 Sep, 2024 | 1 Min. read
Commodities Market Today | WTI Crude Steady at $69.18, Gold Rises 0.8% to $2,546
06 Sep, 2024 | 1 Min. read
Gold Rate Today | Gold Rises 0.8% to $2,546, Silver Gains 2% to $29.14
06 Sep, 2024 | 2 Min. read
Vodafone Idea Share Price Falls 11% After Goldman Sachs Report
06 Sep, 2024 | 1 Min. read
Suzlon Energy Share Price Rises After Corporate Office Sale
06 Sep, 2024 | 1 Min. read
Why is the Stock Market Down Today? Key Factors Explained
06 Sep, 2024 | 1 Min. read
Sona BLW Precision Forgings Plans ₹2,400 Crore QIP at ₹675-700 per Share
05 Sep, 2024 | 1 Min. read
Commodities Market Today | Crude Oil Drops, Brent Hits Low; Gold and Silver Rise
05 Sep, 2024 | 1 Min. read
Analysis to Become a Pro Investor
28 Dec, 2023 | 4 Min. read
Women In Real Estate Investing (Investree)
28 Dec, 2023 | 5 Min. read
How To Check Prudent Corporate Advisory IPO Allotment Status
27 Dec, 2023 | 3 Min. read
How To Boost Credit Score? – Steps to Improve Creditworthiness
27 Dec, 2023 | 4 Min. read
Advantages and Disadvantages of Opening Multiple Demat Accounts
26 Dec, 2023 | 4 Min. read
7th CPC LTC: Leave Travel Concession Rules for Central Government Employees
26 Dec, 2023 | 4 Min. read
7th Pay Commission: House Building Advance (HBA) Interest Rate FY 2023-24
26 Dec, 2023 | 5 Min. read
The Future of Trading: Exploring Bajaj Broking’s Demat Features
26 Dec, 2023 | 6 Min. read
7th Central Pay Commission Cpc Fitment Table
23 Dec, 2023 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading