Bangalore Stock Exchange：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.Bangalore Stock Exchange

The record date for the said split will be intimated in due course.Jaipur Wealth Management

The corporate action will be subject to approval of the members of the company, Shriram Finance said in a filing today.

The company❼shares 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 2024-25New Delhi Investment. Record date for the said interim dividend has been fixed as November 7, 2024.Pune Wealth Management

The interim dividend payout will be made to eligible shareholders by November 24, 2024.Mumbai Stock Exchange

Additionally, the non-banking financial company (NBFC) declared its second-quarter results today.