MCX stock split explained: Share price may fall sharply; what investors need to know
Multi Commodity Exchange of India Ltd (MCX) is set to see a sharp adjustment in its share price today, January 2, as the stock turns ex-date for its stock split. Under the corporate action, each equity share with a face value of Rs 10 will be subdivided into five equity shares of face value Rs 2 each.
Today is the record date for determining shareholders eligible for the subdivision. Existing investors need not worry. The ones holding MCX share would receive four additional shares, taking the total holding to five shares post-split.
The stock split is expected to lead to a proportionate price adjustment, as one share converts into five. Such corporate actions typically improve liquidity and affordability, making the stock more…
