Stock Split: HMPL announces record date for 10:1 stock split - Check Details

Stock Split: Real estate company Hazoor Multi Projects has informed exchanges that its board has fixed the record date for to determining the eligibility of shareholders for its 1:10 stock split. 

According to the information shared, the board has set November 7 as the record date for this corporate action.

Earlier, the company's board approved a stock split in the ratio of 10:1. It means that each share of Rs 10 face value will be split into 10 shares of Re 1 each.

"The Board of Directors of the Company has fixed Thursday, November 07, 2024 as the Record Date for Determining the eligibility of Shareholders with regard to the Company for sub-division/split of 1 (one) Equity Shares of the Company having a face value of Rs. 10/- each into 10 (Ten) Equity shares having face value of Re. 1/- (Rupee One) each as approved by the shareholder’s in the 32nd Annual General Meeting held on August 27, 2024," the company said.

Earlier, the company approved the allotment of 2.16 lakh equity shares upon the conversion of warrants into an equivalent number of equity shares with a face value of Rs 10 each.

Meanwhile, Market benchmark indices climbed in opening trade on Thursday but later gave up all the initial gains and were trading lower amid unabated foreign fund outflows.

The BSE Sensex climbed 280.04 points to 81,781.40 in early trade. The NSE Nifty went up by 58.2 points to 25,029.50.

However, later both the benchmark indices turned negative and were trading lower. The BSE benchmark gauge quoted 210.87 points lower at 81,265.97 while the Nifty traded 116.15 points down at 24,848.25.

From the 30 Sensex firms, Infosys, State Bank of India, Larsen & Toubro, Reliance Industries, Sun Pharma and Tata Consultancy Services were the biggest gainers.