Aug 12, 2013
20:21
For every 21 shares held, investors received 20. The price per share adjusted from $5.00 to $5.25.
The split itself did not change the total investment value.
JMG Corporation Limited (BSE:JMGCORP) operates in the Miscellaneous commercial services industry.
JMG Corporation Limited company overviewJMG Corporation Limited's most recent stock split was on August 12, 2013. It was a 20-for-21 reverse split, so shareholders received 20 shares for every 21 they held.
JMG Corporation Limited (BSE:JMGCORP) has split its stock 2 times: a 21-for-20 split on June 18, 2013 and a 20-for-21 reverse split on August 12, 2013.
JMG Corporation Limited has split its stock 2 times. This history records 2 splits between June 18, 2013 and August 12, 2013.
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 JMG Corporation Limited's 20-for-21 reverse split on August 12, 2013, every 21 shares became 20 shares. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
JMG Corporation Limited has not announced a new split in our records. Its most recent split was on August 12, 2013, 13 years ago. Companies announce splits in advance, and any new BSE:JMGCORP split will appear on this page.
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