11:4 Bonus, 1:10 Stock Split: Multibagger Small Cap Stock Notifies Record Date

Small cap stock, Rhetan TMT Ltd has fixed January 31, 2023 as the record date for bonus issue and stock split. The stock has a market capitalisation of Rs 939 crore. The company earlier announced bonus issue in the ratio of 11:4 and stock split in the ratio of 1:10. Check details below:

1. Rhetan TMT Decides Record Date For Bonus, Stock Split

The board of small cap stock stated in the BSE filing today, "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, we would like to inform you that the Company has fixed Tuesday, 31st January, 2023 as the Record Date, for the purpose of ascertaining the eligibility of the shareholders entitled for the following matters, in accordance with the approval of shareholders obtained on Friday, 13th January, 2023: 1. Sub-division of 1 (one) Equity share of face value of Rs. 10/- each fully paid-up to 10 (ten) Equity shares of face value of Rs. 1/- each fully paid-up. 2. Issue of 11 (Eleven) Bonus Shares for every 4 (four) Equity Shares held by the Equity Shareholders of the Company."

2. Rhetan TMT Stock Performance

The last trading price of the stock is Rs 442.00 apiece on BSE with an intraday fall of less than 1%. The stock's 52-week high is Rs 479.00 apiece and 52-week low is Rs 50.60 apiece, respectively.

3. Rhetan TMT Return

The stock has declined a little over 1% in last 1-month and surged over 218% in last 3-months. It has rallied 564% in last 6-months.

4. Rhetan TMT About

It came into existence in 1984. It is engaged in the manufacturing of TMT Bars and Round Bars. These are used in the construction industry. Rhetan TMT's products have been used in the construction of dams, bridges, residential and commercial towers, and major infrastructure projects in Gujarat.

Disclaimer

The stock gives details pertaining to record date of stock split and bonus issue. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.