Sep 24, 2010
3:25
For every 25 shares held, investors received 3. The price per share adjusted from $4.86 to $40.50.
The split itself did not change the total investment value.
Indrayani Biotech Ltd. (BSE:INDRANIB) operates in the Restaurants industry.
Indrayani Biotech Ltd. company overviewIndrayani Biotech Ltd.'s most recent stock split was on September 24, 2010. It was a 3-for-25 reverse split, so shareholders received 3 shares for every 25 they held.
Indrayani Biotech Ltd. has split its stock once. This history records one reverse split, on September 24, 2010.
A reverse stock split combines several shares into one and raises the price per share by the same factor, so the total value of a holding does not change. In Indrayani Biotech Ltd.'s 3-for-25 reverse split on September 24, 2010, every 25 shares became 3 shares. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Indrayani Biotech Ltd. has not announced a new split in our records. Its most recent split was on September 24, 2010, 16 years ago. Companies announce splits in advance, and any new BSE:INDRANIB split will appear on this page.
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