Irctc Share Split

The board of directors of the Indian Railway Catering and Tourism Corporation IRCTC had previously declared that the companys one equity share will be split into five. One IRCTC share with a face value of Rs 10 will be split into 5 shares of face value of Rs 2 each.

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This means that one-tenth of a share will be split into five equity shares with a face value of 2 each.

Irctc share split

. The stock split must be approved by the ministry of railways and the Indian government. So you will get 5 shares instead of one share. Sunday October 17 2021. IRCTCs stock increased by 6 to a 52-week high of Rs 2727.

Indian Railway Catering and Tourism Corporation aka IRCTC announced a stock split to 15 ratio. The companys board in August 2021 recommended the proposal for sub-division of one equity share of face value of Rs 10 each into five equity shares of face value of Rs 2 each 5-for-1. Indian Railway Catering and Tourism Corporation IRCTC fixed 29 October 2021 as the record date for the proposed 5-for-1 stock split. Yes there was news that IRCTC can split the share.

The company informed about the decision to split one share into five equity shares while announcing the quarterly results a day earlier on Thursday. IRCTC today has approved the proposal of Stock Split in the ratio 15. Indian Railway Catering and Tourism Corporation IRCTC has announced a stock split that will divide its shares into five equity shares. IRCTC share price.

For example if currently an investor has 100 shares of it his shares will become 500 after stock split and price of the stock will also get adjusted according to the ratio. IRCTC while declaring its quarterly income in August had likewise said that its board endorsed the proposition for a 15 stock split or sub-division of offers. After the split announcement the stock is now 26502700. The share face value to be reduced to 2 from 10 after the sub division of IRCTC share.

Announcement about IRCTC Stock Split. Indian Railway Catering and Tourism Corporation IRCTC has decided to share split. IRCTC - Indian Railway Catering Tourism Corp had last split the face value of its shares from Rs 10 to Rs 2 in 2021. Irctc share news Irctc to Announce share split on 12 August Share split from IRCTc Irctc share split news.

Now coming specific to IRCTC this is also a multibagger stock. On 1 Jul 2021 the price was around 2060. For a split of 1 offer at a presumptive worth of Rs. The board of Indian Railway Catering and Tourism Corporation IRCTC on Thursday announced splitting of the companys one equity share into five.

This means that one share of. IRCTCs board decided to split the stock in order to help enhance liquidity in the capital. On August 12 2021 the board of IRCTC approved a stock split in the ratio of 15 to enhance the liquidity in the capital market widen the shareholder base and make the shares affordable to small investors. After this the face value of IRCTC shares will come down from Rs 10 to Rs 2 per share.

Irctc will consider their Quarterly results and approve the unaudited Financial Results of the Company for the quarter ended on. It has been decided to split 1 share of the face value of 10 into 5 equity shares of the face value of 2 subjects to the approval of the Ministry of Railways Shareholders and other approvals. For example in IRCTCs 15 stock split for every 1 share held by a shareholder it will become 5 shares. If the approval gets nod from the Ministry of Railways and the existing share holders the IRCTC share price face value would become 2 instead of existing 10 per equity share.

On the BSE it was last trading at Rs 2693 up 5. Irctc Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held on August 12 21. IRCTC Share Split Date 2021 IRCTC Share Split Record Date. While announcing its Q1 FY2021-22 results the Indian Railway Catering and Tourism Corporation IRCTC management announced to split IRCTC shares into 15.

IRCTCs board in August recommended the proposal for stock split of equity share of face value of 10 each into five equity shares of face value of 2 each. It may rise to 28002850 level before split happens and then the price will be re-adjusted to 550 levels. Since August IRCTC shares have jumped a whopping 56 after the stock split was announced on August 12. 10 each into 5 value shares at an assumed worth of Rs.

The share split will increase the number of IRCTC shares from 250000000 of face value Rs 10 each to 1250000000 equity shares of face value of Rs 2 each. The company made their announcement of the. IRCTC share price has jumped more than 8 per cent on the NSE. The Indian Railway Catering and Tourism Corporation IRCTC board on Thursday the proposal for an IRCTC Stock Split Ratio 15 Approved or sub-division of shares.

The authorised share capital will remain the same at. IRCTC may announce share spit on August 12. The Indian Railway Catering and Tourism Corporation IRCTC management announced a 15 split of IRCTC shares while reporting its Q1 FY2021-22 results. The board decided to split one equity share of the company at a face value of Rs 10 into five equity shares at a face value of Rs 2 each.

And if the share price is 5000 then you will get 5 shares of 1000. The share has been quoting on an ex-split basis from October 28 2021. In a statement issued on Thursday the board of directors of Indian Railway Catering and Tourism Corporation IRCTC announced that the companys equity shares will be split into five.

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