Oct 04, 2010
1:10
For every 10 shares held, investors received 1.
The split itself did not change the total investment value.
Novelix Pharmaceuticals Ltd (BSE:NOVELIX) operates in the Pharmaceuticals: major industry.
Novelix Pharmaceuticals Ltd company overviewNovelix Pharmaceuticals Ltd's most recent stock split was on October 4, 2010. It was a 1-for-10 reverse split, so shareholders received 1 share for every 10 they held.
Novelix Pharmaceuticals Ltd (BSE:NOVELIX) has split its stock 2 times: a 10-for-1 split on October 15, 2009 and a 1-for-10 reverse split on October 4, 2010.
Novelix Pharmaceuticals Ltd has split its stock 2 times. This history records 2 splits between October 15, 2009 and October 4, 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 Novelix Pharmaceuticals Ltd's 1-for-10 reverse split on October 4, 2010, every 10 shares became one share. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Novelix Pharmaceuticals Ltd has not announced a new split in our records. Its most recent split was on October 4, 2010, 16 years ago. Companies announce splits in advance, and any new BSE:NOVELIX split will appear on this page.
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