STOCK SPLIT: Rajnandini Metal trades ex-date; check record date, ratio

Rajnandini Metal Share Price, Stock Split Record Date 2022: The company had announced to split its shares in the ratio of 10:1, according to an exchange filing. It means that every shareholder will get 10 shares for every 1 share held in the Demat account.

Check Rajnandini Metal Share Price, Stock Split Record Date 2022. Pic: Pixabay/ Representational image

Rajnandini Metal Share Price, Stock Split Record Date 2022: Shares of Rajnandini Metal Ltd, NSE: RAJMET, jumped more than 6 per cent in early morning deals on Wednesday, November 30, as the stock traded ex-split.

Rajnandini Metal Share Split Ratio, Stock Split

The company had announced to split its shares in the ratio of 10:1, according to an exchange filing. It means that every shareholder will get 10 shares for every 1 share held in the Demat account.

Also, Rajnandini Metal share face value which is Rs 10 apiece will split in the same ration. After the split, the face value will be changed to Rs 1.

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"The purpose of split/subdivision of Company’s 1 (one) equity shares of face value of Rs. 10/- each into 10 (ten) equity shares of face value of Rs 1/-each..," according to the filing.

Rajnandini Metal Share Split Record Date 2022

Rajnandini Metal stock split record date is November 30. It means that investors having the shares of Rajnandini Metal in the Demat account on November 30 will receive benefit of the stock split.

A record is nothing but a date that allows a company to determine the eligibility of shareholders for receiving the benefits of corporate actions like split, dividend, bonus and more.

Rajnandini Metal Corporate Action History

Rajnandini Metal Share Price History

So far this year, the company has given a stellar return of 131 per cent. At current levels, the stock has a market cap of Rs 73.82 crore and a 52-week range from Rs 325.47 to Rs 96.13