ICICI Direct: Eicher Motors becomes ex-split
[ad_1]
BQ Blue’s special research section brings together quality and in-depth research reports on the stocks and economy of the largest Indian brokerage firms. These reports provide BloombergQuint subscribers with the opportunity to deepen their understanding of businesses, industries and the economy.
The shares of Eicher Motors Ltd. have undergone a stock split in a ratio of 1:10, or 10 shares (of Re 1 par value each) for each share (of Rs 10 each) previously held.
The share capital of 2.73 crore of shares earlier is now revised to 27.3 crore of shares (unchanged in terms of value at Rs 27.3 crore).
The corporate action aims to facilitate greater liquidity of the share in order to increase the shareholder base.
This will not result in any dilution of equity, although the per share measures will change due to the spinoff.
Click on the attachment to read the full report:
DISCLAIMER
This report is written by an external party. BloombergQuint does not guarantee the accuracy of its content and is not responsible for it. The content of this section does not constitute investment advice. For this, you should always consult an expert according to your individual needs. The opinions expressed in the report are those of the brokerage firm and do not represent the views of BloombergQuint.
Users have no license to copy, modify or distribute the content without the permission of the original owner.
[ad_2]