• Multibagger Stocks: Rajneesh Wellness will be the first stock to trade X-split next week
Stock Split 2023: Shares of Rajneesh Wellness and Vishnu Chemicals are one of the multibagger stocks that the Indian stock market has given in recent years. In the last three years, the share price of Vishnu Chemicals has risen by over 1,000 per cent, while the share price of Rajneesh Wellness has risen by over 500 per cent in the last one year. Both the stocks are going to trade on X-Split next week.
Here we list down the complete details regarding these multibagger stocks which are going to trade X-split next week:
Rajneesh Wellness: The board of directors of this multibagger stock has fixed January 10, 2023 as the record date for the stock split. The Board of Directors of the company has approved the stock sub-division in the ratio of 1:2.
Informing the stock market exchanges about the stock split decision, Rajneesh Wellness Limited said, 'We wish to inform the Exchange that the Board of Directors in its meeting held on Thursday, November 24, 2022 at the registered office of the company, inter alia, discussed with. and approved the sub-division/split of the equity shares of the company from 1 (one) equity share of Rs. 2/- (Rupees Two only) each for 2 (two) Equity Shares. 1/- (Rupees One only) each."
Later the company informed about the record date for the stock split, "With reference to the above subject matter, we wish to inform the Exchange that the Board of Directors of the Company have fixed Tuesday, January 10, 2023 as the 'record' Date', to ascertain the eligibility of the shareholders entitled for Corporate Action - Sub-division/Partition of the Equity Shares of the Company, into 1 (one) Equity Share of face value of Rs.2/- (Rupees Two only) each 2 (Two) Equity Shares of Re.1/- (Rupee One only). You are requested to take the above quoted information in your records."
Vishnu Chemicals: The specialty chemicals company has announced a stock split in the ratio of 1:5. Post the sub-split of the Stock, the face value of the Multibagger Stock will change to ₹2 per Equity Share from the existing ₹10 per Equity Share. The company board has also fixed January 13, 2023 as the record date for the stock split.
Notifying the Indian markets about the stock split record date, the specialty chemicals company said, "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is informed that, the Board of Directors of the Company has Resolved through circular resolution on December 15, 2022 and fixed the record date as Friday, January 13, 2023, to sub-divide 1 Equity Share of Rs.10 each into 5 Equity Shares of Rs.2 each On purpose. -Each."
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