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ICICI Direct Report
Eicher Motors Ltd. scrip has undergone a stock split in the ratio of 1:10, i.e. 10 shares (of face Re 1 each) for every one share (of Rs 10 each) held earlier.
The share capital base of 2.73 crore shares earlier now stands revised to 27.3 crore shares (unchanged in terms at Rs 27.3 crore).
The corporate action is aimed at facilitating greater liquidity in the stock with the intent of augmenting the shareholder base.
It will not result in any dilution in equity base, although per share metrics would change as a result of split.
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