If you are interested in stock market then Jai Balaji Industries has brought you a great opportunity. The company has announced that one share with a face value of ₹10 will be divided into 5 parts.
Now the face value of a share will be only ₹2. But beware, today is the last chance to take advantage of this change. The company has fixed tomorrow i.e. 17th January as the “record date”. This means, only those people who own shares of this company till January 16 will be able to take advantage of this stock split.
Jai Balaji Industries is one of the leading steel companies in India. The company's products include sponge iron, pig iron, ductile iron pipes, TMT bars and ferro chrome. His brand “Balaji Shakti” is very popular among TMT bar builders and civil engineers.
The company was established in 1999 and since then has maintained a strong foothold in the world of steel manufacturing in Eastern India. The manufacturing centers of the company are in West Bengal and Chhattisgarh.
A stock split lowers the face value of the shares, making it easier for small investors to buy them. The aim of this move is to add more investors and increase the liquidity of the shares in the stock market.
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