Info Edge Announces 1:5 Stock Split, Sets May 7 Record Date

e (India), the company behind ***** has announced a 1:5 stock split, aiming to boost liquidity and broaden investor accessibility. The company has set Wednesday, May 7, as the record date to determine shareholder eligibility for the subdivision. The stock split will divide each existing equity share with a face value of ₹10 into five equity shares, each with a face value of ₹2. All resulting shares will be fully paid up and will rank pari-passu. The company stated that the primary objective of this move is to enhance the stock's liquidity and make it more affordable for a wider range of investors by lowering the per-share price. Stock splits are often seen as positive corporate actions for shareholders.