Schaeffler India fixes record date for stocks split in ratio of 1:5; Stock jumps over 5%

28 Jan 2022 , 11:43 AM

Schaeffler India has fixed February 09 as the record date for the Subdivision of Equity shares of the company.

On Friday, Schaeffler stock logged stellar buying sentiment. At around 11.40 am, the stock was performing at Rs8965.25 per piece up by Rs444.30 or 5.2% on BSE.

The stock was near the intraday high of Rs9095.25 per piece on the same index.

On February 09, 2022, the company will determine the eligibility of Members for Sub-division or stock split.

The company’s stock split comprises of One (1) Equity Share having face value of Rs. 10/- each (Rupees Ten Only) into Five (5) Equity Shares having a face value of Rs. 2/- each (Rupees Two Only).