Shriram Finance Limited has officially announced the record date for the sub-division of equity shares following shareholder approval obtained through a Postal Ballot on December 20, 2024. The Record Date has been set for Friday, January 10, 2025, in accordance with Regulation 42 of the Listing Regulations.
On this date, the company will determine the entitlement of its shareholders for the split of equity shares. The face value of each equity share will be reduced from Rs. 10 to Rs. 2, with the new shares issued in a ratio of 5:1 (five shares of Rs. 2 for each existing share of Rs. 10).
Key Details:
- Company Name: Shriram Finance Limited
- Record Date: Friday, January 10, 2025
- Purpose: Share Split (5:1 ratio, from Rs. 10 to Rs. 2 per share)
In the meantime, Shriram Finance’s stock opened today at ₹2,906.00 and reached a high of ₹2,954.00, with a low of ₹2,905.35. Over the past 52 weeks, the stock has hit a high of ₹3,652.25 and a low of ₹1,972.00.
