CAMS shares fall after stock begins trading adjusted for its stock split
Shares of Computer Age Management Systems Ltd. (CAMS) fell nearly 3% on Friday, December 5, as they began trading adjusted for their stock split that the company announced during its quarterly results.
CAMS, the Mutual Fund transfer agency, that serves asset management companies, had announced that it will split one share with a face value of ₹10 into five shares of face value of ₹2.
Record date for the stock split was fixed for Friday, December 5. This means, that those shareholders, who had shares of CAMS in their demat account as of Thursday’s closing, will be eligible for the stock split. Those who buy the shares today, will not be eligible for the same.
For example, if an investor had 30 shares of CAMS as of Thursday’s close, a…
