Divi’s Laboratories has informed the stock exchanges that it would be splitting the face value of its equity shares from Rs 10 each to Rs 2 each. Divi’s Laboratories had also announced an interim dividend of 100%, which works out to Rs 10 per share of face value Rs.10 each. Following the stock split announcement, Divi’s Laboratories has smartly moved up by 8% to Rs 4390.
I’ve got 5 Divi@4100 before May07.
Any idea when could be the tentative record date for stock split!?…
And, is the interim dividend realised? (I received none)