BCL Indus shares will be subdivided in the ratio of 1:10, announcement made on record date
BCL Industries Share Price: BCL Industries is included in the list of companies giving multi-bagger returns. Today the company's shares are trading in the green mark. The company has approved the proposal to split its shares in the ratio of 110. For this, the company has set the record date as 27th October.
After the Corona epidemic, BCL Industries, a company related to edible oil and ethanol, is among the companies giving multi-bagger returns. Last month, on September 18, 2023, the company's shares reached the highest level of Rs 588 per share. BCL Industries has recently announced that it has divided its shares.
The Board of BCL Industries Limited has approved the proposal to split the shares of the company in the ratio of 1:10. The record date for dividing each share into 10 separate shares has been set for October 27, the company said in a statement on Wednesday.
The company's board of directors has passed the necessary resolution to fix the record date for Friday, October 27 for the purpose of sub-division of 1 equity share each into 10 equity shares, the company statement said.
The current face value of each share of the company is Rs 10 and after the split, the new price of each share will be Rs 1.
At the time of writing the news, the company's shares are trading at Rs 519.80 per share with an increase of 24.95 points.
On the logic behind this move, the company said that this would increase the number of shareholders of the company. BCL Industries is the only company in India and the South Asian region to have a forward and backward integrated distillery ethanol plant.
