1:10 Stock Split Declared By Realty Stock: Record Date Shall Be Decided In Due Course; BUY?

With all the required infrastructure, personnel, and funding, RDB Infrastructure and Power Limited is present throughout India. The company, which is a member of the RDB Group, has a variety of holdings in retail chains, packaging, power and telecom transmission equipment, and transportation and logistics. After acquiring the real estate division of RDB Industries Limited, RDB Realty & Infrastructure Limited, the flagship company of the RDB Group, went public in 2010. With all the required infrastructure, personnel, and funding, the company, which has its headquarters in Kolkata, operates across India. All of the quickly expanding cities, including New Delhi, Mumbai, Hyderabad, Jaipur, Jodhpur, Bikaner, Surat, Chennai, Guwahati, Madhya Pradesh, Kharagpur, Haldia, and Burdwan, are now home to RDB Realty & Infrastructure Limited.

RDB Infrastructure and Power Stock Split

The Board of Directors of the company at their meeting held on 05th and approved "Sub-division/Stock Split of existing 1(One) Equity Share of Face Value of Rs. 10/- (Rupees Ten only) each into 10 (Ten) Equity Shares of Face Value of Re. 1/- (Rupee One Only) each fully paidup, subject to approval of Members of the Company," said the company in a stock exchange filing.

The reason behind 1:10 stock split i.e. existing 1equity share of face value of Rs. 10/- each shall be sub-divided/split into 10 equity shares of face value of Re. 1/- each fully paid-up is to encourage wider participation of small investors and to enhance liquidity of the equity shares of the company in the stock market, said RDB Infrastructure and Power in a stock exchange filing.

RDB Infrastructure and Power Stock Split Record Date

"The Record Date for the purpose of above Sub-division/Stock Split of Equity Shares shall be decided after obtaining approval of Members of the Company through Postal Ballot e-voting process and will be intimated in due course. The postal ballot notice along with the necessary instructions shall be sent through e-mail to those Members who hold shares as on the cut-off date i.e. 06 December, 2024 and whose e-mail addresses are registered with the Company's Registrar and Share Transfer Agent/Depository Participants," said the company in a regulatory filing.

RDB Infrastructure and Power Share Price Target

"RDB Realty stock price is bullish on the Daily charts with strong support at 532. A Daily close above resistance of 585 could lead to a target of 671 in the near term," said A R Ramachandran, Independent Research Analyst.

Disclaimer

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