Schaeffler India, Shree Ganesh Biotech, Bhatia Communications and Retail, and JBM Auto will split their stock in February 2022
- ByStartupStory | February 7, 2022
Share split in February 2022: Listed firms have opted to announce share splits or subdivisions from time to time in order to increase stock liquidity by attracting small investors. In this context, four publicly traded businesses will split their shares this month: Schaeffler India, Shree Ganesh Biotech, Bhatia Communications and Retail, and JBM Auto. Its fundamentals will remain the same; but, the value of shares will fall, allowing small-ticket investors to purchase and sell these equities.
The management of the ball and roller bearing firm informed the Indian exchanges of the stock split decision, and the record date for huge stock splits has been set for February 9, 2022.
This small-cap stock of Shree Ganesh Biotech will be divided in half, and the company’s board has advised the Indian stock market of its Board of Directors’ final decision. The stock split record date has been set for February 11th, 2022. A share bonus has also been declared by the corporation. The company has told the exchange that its Board of Directors will meet on March 7, 2022, to discuss the declaration of a bonus share issuance to the firm’s equity shareholders.
This car company’s Board of Directors of JBM Auto has authorized the stock split plan, and it has told the Indian exchange that all shares of the 5 per equity share would be divided into 2 per equity share, with a record date of February 22, 2022.
Bhatia Communications and Retail is another small-cap firm whose board of directors has approved a stock split. According to the business’s exchange statement, the company has chosen to divide its shares in half at a ratio of 1:10, with the time frame for the stock split set for February 16, 2022.
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