IRB Infra fixes record date for stock split Stock soars 4%

IRB Infrastructure Developers Limited stock surged near 4% during the afternoon market session on Tuesday post the announcement of record date for sub-division of its equity shares.

 

As per the regulatory filing, the Company has fixed Wednesday, February 22, 2023 as the ‘Record Date’ for the purpose of determining the eligibility of Shareholders in the ratio of 1:10, the company said.

 

Accordingly, the company's each equity share having face value of Rs 10 each will be divided into fully paid-up 10 equity shares having face value of Re 1 each fully paid-up, the company further explained.

 

Following the announcement, shares of IRB Infrastructure climbed 3.91% at Rs278 per share on the BSE, at around 1:30 PM.

Related Blogs
blog-logo

Share Market

blog-logo

8 mins read . 19 Jul 2024

Stock Market Trading Time in India

  • 0 people read
blog-logo

Share Market

blog-logo

11 mins read . 19 Jul 2024

How To Trade in T2T Stocks

  • 0 people read
Kickstart your equities journey today You've got this
By submitting this I agree to the terms & conditions