Stock Market Today: RDB Infrastructure and Power has fixed the record date for finalising the list of eligible shareholders for the stock split as Friday, 28th February 2025. Shareholders on record as of this date will be entitled to receive the benefits associated with the stock split.
The company’s board on December 5 had approved the stock split in the ratio of 1:10.
RDB Infrastructure and Power share price today was trading nearly flat at ₹553 apiece on the BSE. The stock has rallied 3,000% over the last five years turning into a multibagger stock. Meanwhile, the scrip has seen an impressive share price increase of 295% over the past year, as per Trendlyne data.
The company’s exchange filing mentioned that the board of directors is set to convene on Wednesday, February 12, 2025, to review, approve, and acknowledge the unaudited financial results for the quarter and nine months that ended on December 31, 2024.
RDB Infrastructure stock split
RDB Infrastructure’s board approved a sub-division or split of existing equity shares of the company from 1 (one) equity share having a face value of ₹10 each, fully paid up into 10 (ten) equity shares having a face value of Re 1 each fully paid up, subject to the approval of shareholders of the company.
“Sub-division / split of existing 1 (One) equity share of face value of ₹10/- (Rupees Ten Only) each fully paid-up, into 10 (Ten) equity shares of face value of Re 1/- (Rupee One Only) each fully paid-up,” the company said in an exchange filing.
Post-Sub-division
The company has stated that the anticipated timeline for finalising the stock split is expected to be 2 to 3 months after receiving approval from the members. Once the subdivision is completed, the authorised share capital will total ₹27,00,00,000 (Rupees Twenty-Seven Crores), which will be divided into 27,00,00,000 (Twenty-Seven Crores) equity shares, each valued at Re 1 (Rupee One only).
Headquartered in Kolkata, the firm has a presence across the country backed by sufficient infrastructure, personnel, and financial capabilities. At present, the company maintains a robust standing in multiple fast-developing cities, such as New Delhi, Mumbai, Hyderabad, Jaipur, Jodhpur, Bikaner, Surat, Chennai, Guwahati, and Madhya.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
