The Multi Commodity Exchange of India (MCX) has announced its first-ever stock split in the ratio of 1:5, and has fixed the record date to determine the eligibility of the shareholders
MCX announces stock split:
In an exchange filing released in the post-market hours of December 17, MCX announced that it has fixed January 2 as the record date for the stock split.
This comes after the company in September announced that its shareholders have approved the company’s plan to divide every share with a face value of Rs 10 each into 5 equity shares with a face value of Rs 2 each.
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