1:5 Split: NBFC Penny Stock Splits For First Time Ever, Dips 10% On Ex-Date; New Price Is Below Rs 30

Credent Global Finance, a NBFC, carried a stock sub-division for the first time in the ratio of 1:5 on Tuesday, October 15, 2024. The new price after the stock split has been adjusted to below Rs 30. During the stock split, the share price becomes affordable for new and existing customers, while the company's liquidity improves further.

Credent Global Finance Share Price:

After the market hours of October 15, the stock price ended at Rs 26.80 apiece on BSE, with a market cap of Rs 137.92 crore.

Adjusted to the split ratio, the stock's 52-week high and low are at Rs 33.73 apiece and Rs 21.81 apiece respectively. While its 20% upper circuit and lower circuit is at Rs 32.15 apiece and Rs 21.45 apiece respectively.

The stock's price-to-equity ratio is at 10.25x, while the return on equity is at 4.25%.

Credent Global Finance Stock Split:

Credent turned ex-split on October 15. This is also the record date for the purpose of ascertaining the eligibility of the shareholders entitled for the following matter.

The 1:5 stock split ratio means -- sub-division of 1 (one) Equity share of face value of Rs. 10/- each fully paid-up to 5 (Five) Equity shares of face value of Rs. 2/- each fully paid-up.

About Credent Global Finance:

Credent is the only Indian financial services provider that has succeeded at bridging the borders between the UK and the Indian markets, be it real estate or corporate finance.

With a celebrated experience and presence in the UK market too, Credent crafts intelligent investment baskets for its clientele with assets from both the countries under one umbrella. Credent leverages industry stalwarts and their expertise, proven over 2 decades, to advise its clients on the most strategic financial decisions.

The company's panel of experts has been crafting practical executable strategies since 2017 for everything - from equity to raising funds for your business, from acquisitions & mergers to disquisitions, from savings to real estate purchase, from India to the UK.