1:5 Split On July 31: Media Stock Ex-Split, Ajay Devgan's Shares Rise From 2,00,000 To 10,00,000

Panorama Studios International, a film production, distribution & exhibition company, backed by Bollywood star Ajay Devgan, split into a ratio of 1:5 on July 31. The stock which was around Rs 1,126 levels is now below Rs 250. While the shareholding of Ajay Devgan has multiplied from 2,00,000 to 10,00,000.

Generally, share splits mean that listed companies can split their existing shares into a ratio decided by them for a host of reasons. During a stock split, the share capital remains the same, while a number of shares rises, face value of the stock declines and the trading price becomes even cheaper.

Stock split is carried out to improve liquidity in the stock, and also enhance its demand. Generally, on ex-split day, the respective stock is trending in bulls, and this was exactly the case with Panorama Studios.

Panorama Studios International Share Price:

Adjusting to the stock split ratio of 1:5, the new share price of Panorama is at Rs 247.20 apiece, up by 10% with a market cap of Rs 1,696.13 crore. This is near the adjusted 52-week high of Rs 247.75 apiece and low of Rs 39.98 apiece respectively.

Before the stock split, Panorama shares were at Rs 1,126.30 apiece on July 30.

Panorama Studios International Stock Split:

Panorama split in the ratio of 1:5 on July 31. This was also the stock split's record date to determine the eligibility of shareholders of the Company for Subdivision/Split of each fully paid-up equity share having a face value of Rs.10/- (Rupees Ten Only) each be Sub-divided into 5 (Five) fully equity shares having Face value of Rs.2/- (Rupees Two Only), as approved by the shareholders in the Extra-Ordinary General Meeting.

Only those investors will be eligible who are holding Panorama shares by end of its stock split record date, which is currently July 31.

To calculate the stock split adjustments in your portfolio, here's an example. For instance, if the investor held 5,000 shares of Panorama by July 31, 2024, then their shareholding will multiply to 25,000 (5,000 X 5).

But the stock price will reduce eventually as the face value is trimmed from Rs 5 each to Re 1 each. So let's take the July 30th price level, a stock split ratio of 1:5 on Rs 1,126.30 apiece will take the new share price to Rs 225.26 apiece. 1 share of Rs 1,126.30 = 5 shares of Rs 225.26.

Ajay Devgan's Stock Split Gains:

As per BSE data, as of June 30, 2024, Devgan has about 2,00,000 shares or 1.46% shareholding in Panorama Studios.

Adjusting to the stock split ratio on July 31, 2024, his shareholding will rise by multi-fold from 2,00,000 to 10,00,000 equity shares (2,00,000 X 5).

Panorama Studios stands as a powerhouse in the Indian film industry, offering a comprehensive array of film-related verticals under a single roof. With a diverse portfolio encompassing Project Development, Production, Post-production, Distribution, Music, Equipment Rental and Publicity design, Panorama Studio is a one-stop destination for all things cinema.

Panorama is the only Studio apart from Yashraj Studio which is operating successfully in the given six major verticals, making it a formidable player in the realm of filmmaking.