Arihant Capital's stock up as the company announces interim dividend

3 Mar 2022 , 02:04 PM

Arihant Capital Markets Ltd., in its regulatory filing, informed the exchanges and investors that the Board of Directors of the Company in their meeting held on March 3, 2022, inter-alia, approved the interim dividend of, Rs0.75 (15%) per equity share of face value of Rs5 each to the shareholders of the Company for the financial year 2021-22.

The company has fixed March 15, 2022 as the record date for payment of interim dividend.

In the same filing, the company informed that it will also split its one share of Rs5 each into 5 shares of Rs1 each for wider participation of retail investors by making the equity shares more affordable for them and to enhance the liquidity of equity shares of the Company in stock markets.

Post this development, Arihant’s stock was marginally up at Rs363.50 against its previous closing price of Rs363.10 on NSE. It touched the day’s high and low of Rs375 and Rs359.09 respectively so far.