Schaeffler India stock trades ex-split, plunges on record date
2 years, 10 months ago

Schaeffler India stock trades ex-split, plunges on record date

Live Mint  

Shares of Schaeffler India plunged more than 3% to ₹1,708 apiece on the BSE in Wednesday's trading session as the stock started ex-split on record date today. The company had set February 9, 2022 as the record date for the sub-division of equity shares or called as stock split. Schaeffler India's stock split comprised of One Equity Share having face value of Rs. Stock split decreases the market price of the individual shares, however, does not result in changing the market capitalization of the company.

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