
Coforge Ltd Announces 1:5 Split of Equity Shares to Enhance Liquidity and Encourage Small Investors
Coforge Ltd, a leading IT company, has announced a sub-division/split of its existing equity shares of face value of Rs. 10/- each, into 33,43,65,495 equity shares of face value of Rs. 2/- each. The decision was made at the Board of Directors' meeting held on March 04, 2025. The alteration in the equity share capital and the alteration of the Capital Clause of the Memorandum of Association are subject to the approval of the members of the Company. The Record Date for sub-division/split of existing equity shares will be intimated in due course. The split is aimed at enhancing the liquidity of the Company's equity shares and encouraging the participation of small investors by making it more affordable to invest in the equity shares of the Company, leading to an enhanced shareholder base.
Key Highlights
- Coforge Ltd announces a 1:5 split of equity shares
- The decision aims to enhance the liquidity of the Company's equity shares
- The move is expected to encourage small investors to invest in the Company
- The split will result in 33,43,65,495 equity shares of face value of Rs. 2/- each
- The alteration in the equity share capital and the Capital Clause are subject to the approval of the members of the Company