Regarding BHEL stock split

#1
Dear All

Recently BHEL announced stock 5:1 split.Does it mean will my number of shares will increase after split? If so when the new quantity of shares will reflect?.


Thanks
 

deneb

Well-Known Member
#2
You will get 5 shares of bhel for every one share you hold provided you have bought those shares before exrecord date (a day before the record date is ex record date) of split.Just look for bhel at the bse website.You will get to know the record date when it is announced. Or in Bhels case before the day the price falls close to 1/5th of the previous days close. Bhel had just announced that they will be splitting the shares.They need to get approval from the authorities and the shareholders and then they will announce a record date.They entire process can take 1-3 months, depending on how they get shareholder approval ie by postal vote or at the AGM. Bhel usually holds its AGM in September. Hope this helps in some way
 
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#3
You will get 5 shares of bhel for every one share you hold provided you have bought those shares before exrecord date (a day before the record date is ex record date) of split.Just look for bhel at the bse website.You will get to know the record date when it is announced. Or in Bhels case before the day the price falls close to 1/5th of the previous days close. Bhel had just announced that they will be splitting the shares.They need to get approval from the authorities and the shareholders and then they will announce a record date.They entire process can take 1-3 months, depending on how they get shareholder approval ie by postal vote or at the AGM. Bhel usually holds its AGM in September. Hope this helps in some way
Thanks a ton Deneb..I am clear now..
 

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