The coming week appears to be rather quiet on the corporate actions front. Only Omega Interactive Technologies Ltd. has announced its record date for a share split.
The company has set Feb. 06, 2026 as the record date for its 1:10 stock split. Those eyeing to get in on the action must be vigilant about the record date to determine their eligibility.
Each fully paid up equity share with face value of Rs 10, will be sub-divided into 10 fully paid-up equity shares having face value of Re 1.
A stock split is a corporate action where a company increases the number of outstanding shares by reducing the face value per share. This typically enhances liquidity as the stock price adjusts accordingly.
While the number of shares increases, the total investment value remains unchanged. For instance, in the case of Omega Interactive Technologies, one equity share with a face value of Rs 10 will be split into 10 equity shares with Re 1 as the face value.
To be eligible for a stock split, investors must hold shares as of the record date announced by the company. The record date determines who will receive additional shares post-split, based on the split ratio. With India following the T+1 settlement cycle, investors need to purchase the stock at least one trading day before the record date to be eligible.
Buying shares on the record date itself won't qualify, as the ownership won't be reflected in time during trade.
Shares of Omega Interactive Technologies closed 1.54% higher at Rs 521 apiece, as compared to a 1.88% decline in the benchmark Sensex.
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