Varun Beverages Limited (NSE: VBL, BSE: 540180), a key player in the beverage industry, has announced a significant corporate action: The stock is trading at ₹1,516.25 up 15.35 (1.02%) at 11:08AM, today.
- Stock Split Details:
- Current face value: Rs. 5/- per share
- New face value post-split: Rs. 2/- per share
- Record Date: Thursday, September 12, 2024
- This date determines shareholder eligibility for the stock split
- Shareholder Approval:
- The split was approved by shareholders through a Postal Ballot on August 30, 2024
- Regulatory Compliance:
- Announcement made in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
This stock split is expected to increase the liquidity of Varun Beverages shares in the market. While the overall value of a shareholder’s stake remains unchanged, the number of shares they hold will increase proportionately.
Investors and shareholders should note this record date for their holdings and expect the split to be reflected in their accounts after the specified date.
The market will be watching closely to see how this corporate action affects the stock’s trading volume and price dynamics in the coming weeks.
