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Bloomberg Quint

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Image Credit: Bloomberg Quint

Stock Splits To Watch This Week— Coforge

  • Coforge Ltd. announced a stock split which will double the number of shares but not alter the company's market cap.
  • The stock split involves splitting existing equity shares with a face value of Rs 10 each into two equity shares of Rs 5 each, fully paid up.
  • Investors need to hold shares as of the record date to be eligible for the stock split, with the entitlement based on the split ratio.
  • The company's share price surged to a one-month high in the first week of May following the announcement of a dividend and stock split.

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