Jun 30, 2002
3:10
For every 10 shares held, investors received 3.
The split itself did not change the total investment value.
Monind Ltd (BSE:MONIND) operates in the Other metals/Minerals industry.
Monind Ltd company overviewMonind Ltd's most recent stock split was on June 30, 2002. It was a 3-for-10 reverse split, so shareholders received 3 shares for every 10 they held.
Monind Ltd has split its stock once. This history records one reverse split, on June 30, 2002.
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 Monind Ltd's 3-for-10 reverse split on June 30, 2002, every 10 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.
Monind Ltd has not announced a new split in our records. Its most recent split was on June 30, 2002, 24 years ago. Companies announce splits in advance, and any new BSE:MONIND split will appear on this page.
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