Stock Split 2025: Mangalam Global, Coastal Corporation to Trade Ex-Split Today
As the stock market continues to evolve, it’s essential for investors to stay informed about the latest developments in the world of finance. With this in mind, we bring you the latest news on Stock Split 2025: Mangalam Global, Coastal Corporation to Trade Ex-Split Today.
Understanding the Stock Split
A stock split, also known as a reverse stock split, is a corporate action where a company divides its existing shares into a larger number of shares, typically to reduce the share price and make the stock more attractive to investors. In the case of Mangalam Global Enterprise Ltd and Coastal Corporation Ltd, the companies have recently approved a stock split, which will be ex-date today.
Mangalam Global Enterprise Ltd: Stock Split Details
On January 13, 2025, Mangalam Global Enterprise Ltd announced that its board of directors had approved the sub-division of its existing 1 equity share into 2 equity shares, subject to approval by the shareholders and regulatory/statutory approvals. The record date for determining the eligibility of members for the purpose of Sub-Division/Split of every 1 equity share of face value of Rs. 2/- each into 2 equity shares of Rs. 1/- each was set at Tuesday, March 04, 2025.
Coastal Corporation Ltd: Stock Split Details
Coastal Corporation Ltd‘s board of directors also approved the subdivision of 1 equity share of the face value of Rs. 10/- each fully paid up per share into 5 equity shares of face value of Rs. 2/- [Rupees two only) each fully paid up per share. The record date for the subdivision was set at Tuesday, 04th March, 2025.
Who Will Benefit from the Stock Split?
Investors who bought shares of Mangalam Global Enterprise Ltd or Coastal Corporation Ltd a day prior to the record date will see their names listed among the eligible shareholders for benefiting from the stock split. This means that these investors will receive the additional shares once the stock split takes place.
Tips for Investors
When considering investing in the stock market, it’s essential to do your research and consult with a financial advisor. Remember, 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 taking any investment decisions.
Conclusion
In conclusion, the stock split of Mangalam Global Enterprise Ltd and Coastal Corporation Ltd is an exciting development for investors. With the ex-date set for today, investors should be aware of the eligibility criteria and the process of the stock split. As the stock market continues to evolve, it’s crucial to stay informed about the latest news and trends. By doing so, investors can make informed decisions and capitalize on the opportunities available in the market.
Frequently Asked Questions:
- What is a stock split?
Answer: A stock split is a corporate action where a company divides its existing shares into a larger number of shares, typically to reduce the share price and make the stock more attractive to investors. - Who will benefit from the stock split?
Answer: Investors who bought shares of Mangalam Global Enterprise Ltd or Coastal Corporation Ltd a day prior to the record date will see their names listed among the eligible shareholders for benefiting from the stock split.
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 taking any investment decisions.
Live News Daily is a trusted name in the digital news space, delivering accurate, timely, and in-depth reporting on a wide range of topics.