Cochin Shipyard witnessed a substantial uptick of almost 6 percent in early trades on January 10, marking the commencement of its ex-date for a stock split. As of 11:10 am, the stock was actively traded at ₹716.70
The shipbuilding giant, Cochin Shipyard, officially entered the ex-split phase starting January 10, following its announcement of a sub-division of equity shares. This strategic move saw a shift in the face value of each share from Rs 10 to Rs 5. The company, in a regulatory filing on December 14, 2023, communicated to the exchanges that January 10 had been earmarked as the record date to ascertain shareholder eligibility for the anticipated sub-division/split of existing equity shares.
