Shriram Finance announced share slpit
Shriram Finance announces 1:5 stock split, declares dividend of ₹22 per share Shriram Finance Ltd. announced a stock split at the conclusion of its board meet on Friday, October 25. The company will split one share with a face value of ₹10 into five shares of face value of ₹2. The record date for the said split will be intimated in due course. The corporate action will be subject to approval of the members of the company, Shriram Finance said in a filing today. The company's shares currently have a face value of ₹10. Shriram Finance has never carried out a stock split or issued bonus shares since its listing. A stock split is generally considered by a company to increase its outstanding shares, and also improve trading liquidity by making the stock more affordable to its shareholders. Shriram Finance declared an interim dividend of Rs 22 per equity share of face value of Rs 10 for the financial year 2024-25. Record date for the said interim dividend has been fixed as November 7, 2...