This microcap stock's 1:8 bonus issue, 1:5 stock split record date tomorrow. Do you own?
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Microcap stock Sellwin Traders, earlier in the month of September, had announced a bonus share issue in the ratio 1:8 along with a 1:5 stock split while fixing November 1 as the record date for the purpose. Since November 1 is a market holiday, October 31st becomes the ex-date. This means that in order to qualify for the said dividend, one needs to buy the shares of Sellwin Trader today for their names to appear in the company’s books as of the record date. “We wish to inform you that the Company has fixed Friday, November 01, 2024 as the ‘Record Date’ for the purpose of determining the eligibility of Shareholders for the purpose of sub-division /split of every 1 (One) Equity share of face value of Rs. 10/-(Rupees Ten only) each fully paid up to 5 (Five) Equity shares of the face value of Rs. 2/- (Rupee Two only) each fully paid-up,” said the company’s exchange filing commenting on the stock split. This is the first ever instance instance...