1:10 STOCK SPLIT: FIRST CORPORATE ACTION BY COMPANY SINCE STELLAR MARKET DEBUT - CHECK RECORD DATE

Motisons Jewellers Stock Split Record Date: Motisons Jewellers Limited, a major player in the Indian gold and jewellery sector, has announced the ratio and record date of its stock split. Motisons Jewellers got listed on both BSE and NSE, on December 26, 2023. This is the first corporate action from the company post listing.

The company's shares made a great debut on bourses, with the jeweller trading at Rs 109 on NSE, 98 per cent above its issue price of Rs 55. The stock debuted on BSE at Rs 103.90, up 89 per cent. The stock has given multibagger return of 109.80 per cent in six months and 175 per cent in year-to-date.

Motisons Jewellers Share Price Today

Motisons Jewellers Ltd is trading at Rs 277.15, down by Rs 1.80 (-0.65 per cent ) from previous close of Rs 278.95. The stock of company opened at Rs 281.45 today, trading at day high of Rs 286.00 and low of Rs 268.00. The 52 weeks high of jewellery company stock went to Rs 287.85 and low of Rs 87.10. The Market cap of jewellery company is Rs 2,728.43 crore.

Motisons Jewellers Stock Split

The Board of Directors has approved sub-division of 1 Equity Share of Rs. 10 each into 10 Equity Shares of Rs. 1 each, subject to shareholder approval. The ratio approved by the Board of Directors is 1:10. This means each existing equity share of Rs. 10 will be split into 10 equity shares of Rs. 1 each.

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"...we wish to inform you that the Board of Directors of the Company at its meeting held today i.e. Thursday, September 19, 2024 at the Corporate office of the company, inter-alia, considered and approved sub-division/split of company’s 1 (one) Equity Share having face value of Rs. 10/- (Rupees Ten only) each fully paid-up, into 10 (Ten) Equity shares of the company having face value of Re.1/- (Rupee One only) each fully paid-up, subject to the approval of shareholders and such other approvals as may be required", company said regulatory filings.

Motisons Jewellers Stock Split Record Date

The Board of Directors has fixed November 09, 2024, as the record date for the 1:10 stock split.

"...the Board of Directors of the Company has fixed November 09, 2024 Record Date for the purpose of sub-division/split of 1 (one) Equity Share of the Company having face value of Rs. 10/- each into 10 (Ten) Equity shares of the company having face value of Re. 1 each", company said in exchange filings.

Motisons Jewellers Company Profile

Motisons Group, a prominent name in Jaipur's business landscape, began its journey in 1998 as a jeweller. It quickly rose to fame, becoming one of the most renowned brands not only in Jaipur but across India, celebrated for its exquisite jewellery pieces. The company's extensive portfolio boasts over 300,000 designs, including gold, diamond, kundan, pearl, silver, and platinum jewellery. These designs encompass traditional, modern, and fusion styles, catering to a wide range of tastes.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

2024-09-19T11:21:41Z dg43tfdfdgfd