“We want to inform you that the Firm has mounted Friday, October 18, 2024 because the “Report Date” for figuring out entitlement of Fairness Shareholders for the aim of sub-division / cut up of present Fairness Shares of the Firm, such that 1 (One) Fairness Share of the Firm of the face worth of Rs. 10/- (Rupees Ten Solely) every absolutely paid up be sub-divided/cut up into 5 (5) Fairness Shares of the Firm of face worth of Rs.2/- (Rupees Two Solely) every absolutely paid up, rating pari passu in all respect,” mentioned the corporate in a submitting to the exchanges.
Which means that October 18 would be the date for figuring out the entitlement of the eligible fairness shareholders who will qualify for the share cut up.
A 1:5 inventory cut up provides shareholders 5 shares for each one they at present personal. For example on this case, the unique share had a face worth of Rs 10, after the cut up, every new share can have a face worth of Rs 2.
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Previous to this, the corporate has by no means carried out a inventory cut up and this would be the first occasion of the corporate doing so, in keeping with the information obtainable on Trendlyne.The shares of HEG Ltd have surged 42.66% within the final one 12 months, whereas growing by 27.50% within the present 12 months to this point.(Disclaimer: Suggestions, ideas, views and opinions given by the specialists are their very own. These don’t symbolize the views of Financial Occasions)
