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:
Gold Rate Today | 15 January 2025 | Gold Price in India
15 Jan, 2025 | 40 Min. read
Delhi Court Discharges JSW Steel in Corruption Case; HC Clears Monnet Takeover
15 Jan, 2025 | 2 Min. read
IRFC Emerges L1 Bidder to Finance ₹3,167 Crore for Banhardih Coal Block
15 Jan, 2025 | 2 Min. read
Cipla’s Tax Demand Reduced to ₹559.18 Crores After Revision
15 Jan, 2025 | 2 Min. read
Govt Plans 5-6% Hike in Highway Budget for FY26 After FY25 Slump
15 Jan, 2025 | 2 Min. read
Rikhav Securities IPO- Key Objective & Deep Analysis
15 Jan, 2025 | 5 Min. read
HCL Tech expands partnership with Microsoft to transform contact centres
14 Jan, 2025 | 2 Min. read
BEL secures new orders worth Rs 561 crore, boosting FY25 order book
14 Jan, 2025 | 2 Min. read
ITI Ltd secures Rs 64 crore contracts for Wi-Fi and CCTV systems
14 Jan, 2025 | 2 Min. read
JSW Energy secures LoI for 3.6 GW KSK Mahanadi power plant
14 Jan, 2025 | 2 Min. read
Biocon Biologics’ Johor Bahru Facility Receives FDA VAI Classification
13 Jan, 2025 | 2 Min. read
Interarch Secures ₹221 Crore Projects in Semiconductors & Energy Storage
13 Jan, 2025 | 2 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading