Sigachi Industries 10:1 stock split: Shares to trade ex-date today

Sigachi Industries stock split date: As part of the share split arrangement, one equity share of the face value of Rs 10 each of Sigachi Industries will be split into 10 equity shares of the face value of Re 1 each, i.e. in the ratio of 10:1.

Sigachi Industries stock split date: Sigachi Industries (SIGACHI) shares will trade ex-stock split date on Monday, October 9. Image: Freepik/ Representational image

Sigachi Industries stock split date: Sigachi Industries (SIGACHI) shares will trade ex-stock split date on Monday, October 9. As part of the share split arrangement, one equity share of the face value of Rs 10 each of Sigachi Industries will be split into 10 equity shares of the face value of Re 1 each, i.e. in the ratio of 10:1. In other words, every share held by a shareholder of the face value of Rs 10 will be subdivided into 10 equity shares having face value of Re 1 each.

What is a stock/share split?

A sub-division or split of shares is a kind of corporate action that enables a listed company to bifurcate the face value of each equity share in order to increase the total number of equity shares on the bourses.

In a meeting held on September 9, the board of Sigachi Industries decided October 9 as the record date for the purpose of the stock split.

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Sigachi Industries' share price history

Sigachi Industries' stock has given a return of nearly 50 per cent in the last 12 months, sharply outperforming a rise of nearly 14 per cent in the headline Nifty50 index. On Friday, Sigachi Industries shares finished up 0.2 per cent at R 411.5 apiece on NSE.

What does Sigachi Industries do?

Incorporated in 1989, Sigachi Industries is a manufacturer of cellulose-based excipients for finished dosages in the pharmaceutical industry. Also operating in the fields of nutraceuticals and food ingredients, Sigachi Industries is a manufacturer of microcrystalline cellulose worldwide.

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