Did Reliance Industries Split Face Value of Share?
Understanding Stock Splits
A stock split is a corporate action where a company divides its existing shares into a larger number of shares. This is done to make the stock more affordable and accessible to a wider range of investors. The face value of a share does not change during a stock split, only the number of shares increases.
Reliance Industries Stock Split History
Reliance Industries has not split the face value of its shares so far. However, the company has undergone a total of 3 stock splits in the past: * **1:1 Stock Split on January 31st, 1993** * **1:1 Stock Split on January 1st, 1997** * **1:1 Stock Split on September 7th, 2017**
Historical Stock Split Details
| Announcement Date | Record Date | Ex-Split Date | Old Face Value | New Face Value | |---|---|---|---|---| | December 23rd, 1992 | January 31st, 1993 | February 1st, 1993 | Rs. 10 | Rs. 5 | | December 27th, 1996 | January 1st, 1997 | January 2nd, 1997 | Rs. 10 | Rs. 5 | | August 29th, 2017 | September 7th, 2017 | September 8th, 2017 | Rs. 10 | Rs. 10 |
Conclusion
Reliance Industries has not split the face value of its shares, but it has undergone 3 stock splits in the past. The most recent stock split occurred on September 7th, 2017. Investors should note that stock splits do not affect the intrinsic value of a company, but they can make the stock more affordable and accessible to a wider range of investors.
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