PSU Stock Split: Board approves division of one share into two
Published on 21/07/2025 01:49 PM
PSU Stock Split: Board approves division of one share into twoBEML will split one share having a face value of ₹10 into two shares, which will carry a face value of ₹5 each, the company said in an exchange filing.By Meghna Sen July 21, 2025, 1:49:21 PM IST (Updated)1 Min ReadState-owned heavy equipment manufacturer, BEML Ltd., informed the exchanges on Monday, July 21, that its board has approved the sub-division of its equity share, subject to shareholder approval.
BEML will split one share having a face value of ₹10 into two shares, which will carry a face value of ₹5 each, the company said in an exchange filing.
Record date for the stock split is yet to be determined and approved by the company's board.
This is the first instance that the company will be splitting its equity shares. It has never issued bonus shares to shareholders either.
Companies generally carry out a stock split to make it easier for shareholders to buy or sell their shares, as it increases the liquidity in the stock. A stock split divides a company's stock into more shares, lowering the price and increasing the number of shares available to trade.
Shares of BEML Ltd. are trading 0.40% lower on Monday, post the announcement at ₹4,383.80. The stock has risen 7% so far this year.Continue ReadingFirst Published: Jul 21, 2025 1:42 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsBEML