Indo Thai Securities Ltd. is conducting a stock split where shares will be split from a face value of Rs 10 to Re 1 each, with the ex-date set for June 18 and the last day for purchase eligibility on July 18.
Investors aiming to benefit from stock splits must monitor the record date closely as it determines who will receive additional shares post-split based on the split ratio.
For investors to be eligible for a stock split, they must hold shares as of the record date announced by the company, with India following the T+1 settlement cycle.
Other companies like Algoquant Fintech, Bemco Hydraulics, and GTV Engineering have also approved stock splits, with different split ratios and details.