1:5 Stock Split: This company fixes record date for this corporate action – Check details here
The stock of Kelton Tech Solutions Limited is going to be split into 5 shares soon. This means that each existing share of the company will be divided into five shares. The company announced now announced the record date for this corporate action. After the announcement of the stock split, shares of Kelton Tech Solutions jumped up to 9 per cent on the BSE in early trade on Wednesday.
Kelton Tech Solutions said in an exchange filing, “We wish to inform you that the company has fixed Friday, July 25, 2025 as the ‘Record Date’. This date has been kept to determine the eligibility of equity shareholders. Investors who hold fully paid equity shares of ₹ 5 as on this date will be given five fully paid shares of Rs 1 each by stock split.”
What is Stock Split
Stock split is a corporate action. Its purpose is to make the liquidity of the share i.e. its purchase and sale in the market easier. In this, the company divides one share into several parts. This reduces the face value of each share.
Investors who hold the company’s shares till the record date will get the newly divided shares in their demat account. After the stock split, the share price decreases according to the ratio of division. However, the total market cap (Mcap) of the company does not change.
Shares of Kelton Tech Solutions have climbed nearly 10 percent in a month. In the last three months, the stock has gained nearly 30 percent. However, the stock has fallen 8 percent in six months and more than 13 percent in a year. While the stock has given a return of 65% in two years and 666% in five years. The 52 Weeks High of the stock is Rs 181 and 52 Weeks Low is Rs 95.05. The market cap of the company on BSE is Rs 1,368.12 crore.
News