Jun 28, 2018
1:20
For every 20 shares held, investors received 1.
The split itself did not change the total investment value.
Raj Oil Mills Limited (BSE:ROML) operates in the Agricultural commodities/Milling industry.
Raj Oil Mills Limited company overviewRaj Oil Mills Limited's most recent stock split was on June 28, 2018. It was a 1-for-20 reverse split, so shareholders received 1 share for every 20 they held.
Raj Oil Mills Limited has split its stock once. This history records one reverse split, on June 28, 2018.
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 Raj Oil Mills Limited's 1-for-20 reverse split on June 28, 2018, every 20 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.
Raj Oil Mills Limited has not announced a new split in our records. Its most recent split was on June 28, 2018, 8 years ago. Companies announce splits in advance, and any new BSE:ROML split will appear on this page.
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