Home / Business and Economy / Stock Split Alert: One Company Trades Ex-Split This Week
Stock Split Alert: One Company Trades Ex-Split This Week
12 Apr
Summary
- Pashupati Cotspin announces a 10:1 stock split with record date April 17, 2026.
- A stock split increases outstanding shares, reducing face value per share.
- Investors must hold shares before the record date to be eligible for the split.
The stock market is anticipating a trading week that includes one market holiday. Amidst this, Pashupati Cotspin has announced a significant corporate action: a stock split.
The company's shares will undergo a sub-division in a 10:1 ratio. The record date for this split has been officially set for April 17, 2026. Each share currently valued at Rs 10 will be split into ten new shares, each with a face value of Re 1.
This move is designed to enhance stock liquidity by adjusting the share price. While the number of shares held by investors will increase, their total investment value will remain the same. To be eligible for the split, shareholders must possess their shares as of the April 17, 2026 record date. Due to the T+1 settlement system in India, purchasing shares on the record date itself will not qualify investors for the split.
