1:10 Split, Rs 9/Sh Dividend: Ashish Kacholia-Led Retail Stock To Turn Ex-Dividend In 2 Weeks Before Splitting

Ace investor Ashish Kacholia-backed speciality retail stock with smallcap status, Aditya Vision is trending in July month. In a month, the stock zoomed nearly 16%, and it is expected to be demand due to two reasons. Firstly, the company has announced its first ever stock split which will be in the ratio of 1:10. But before splitting, Aditya Vision will turn ex-dividend in next two weeks for its final dividend payout of whopping Rs 9 per share for FY24.

That being said, investors sentiment in Aditya Vision could be driven because of its upcoming double rewards.

The company in a board meeting on July 3, 2024, recommended a stock split in the ratio of 1:10. This will be the first ever split by Aditya Vision.

Aditya Vision said that the record date for the subdivision of equity shares shall be decided by the Board and will be intimated to the stock exchanges after receipt of approval of the members.