PC Jeweller Shares Under Watch Post Stock Split

29 Nov 2024 , 09:22 AM

After the company set December 10 as the record date for its proposed 1:10 stock split, shares of PC Jeweller will come under scrutiny.

The company stated in its press release yesterday, “This is to inform that in accordance with the Members’ approval obtained through Postal Ballot on November 21, 2024, the Board of Directors of the Company, by means of a resolution passed by circulation today i.e., on November 28, 2024, has fixed Record Date as mentioned below for sub-division/split of equity shares of the Company, such that 1 (One) equity share with face value of Rs 10 each, fully paid-up, be sub-divided/split into 10 (10) equity shares with face value of Re 1 each,” the company stated.

Based on the information available on Trendlyne, this is the first time the company has ever split its stock.

One current share with a face value of Rs 10 will be divided into ten new shares with a face value of Rs 1 in a 1:10 stock split.

Businesses divide their stock in order to increase market liquidity, draw in a wider spectrum of investors, and make shares more affordable for small investors.

Increasing investor interest and encouraging a more active trading environment are the goals of this technique.

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