Vesuvius India Announces 10:1 Stock Split and Dividend Payout

Komentari · 0 Pogledi

Vesuvius India announced a stock split in the ratio of 10:1.

Vesuvius India recently made a significant corporate move by announcing a 10:1 stock split along with a dividend payout of Rs 14.50 per share. This marks the company's first-ever stock split, with the record date set for June 10, 2025, and the dividend record date on May 1, 2025.

As part of the stock split, each existing share will be divided into 10 shares, reducing the face value from Rs 10 to Rs 1. Vesuvius India Ltd, a member of the BSE SmallCap index, currently boasts a market capitalization of Rs 11,973.88 crore as of June 10, 2025.

The decision to split the shares was officially approved by the company on February 26, 2025. The record date for the stock split was announced in May, with June 10, 2025, set as the crucial date for shareholders to be eligible for the split.

On June 9, the share price of Vesuvius India closed at Rs 5899.60 on the BSE, showing a 2.25% decrease from the previous day. The 52-week share price range on BSE has been between Rs 6298.95 and Rs 3,576.60, with notable increases over various timeframes in the past.

Investors are advised to consult with their financial advisors before making any investment decisions based on this information.



Source: ET Now
Komentari