Apr 20, 2006
1:5
For every 5 shares held, investors received 1. The price per share adjusted from $9.70 to $48.50.
The split itself did not change the total investment value.
Phaarmasia Ltd. (BSE:PHRMASI) operates in the Pharmaceuticals: major industry.
Phaarmasia Ltd. company overviewPhaarmasia Ltd.'s most recent stock split was on April 20, 2006. It was a 1-for-5 reverse split, so shareholders received 1 share for every 5 they held.
Phaarmasia Ltd. has split its stock once. This history records one reverse split, on April 20, 2006.
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 Phaarmasia Ltd.'s 1-for-5 reverse split on April 20, 2006, every 5 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.
Phaarmasia Ltd. has not announced a new split in our records. Its most recent split was on April 20, 2006, 20 years ago. Companies announce splits in advance, and any new BSE:PHRMASI split will appear on this page.
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