Jun 14, 2018
1:10
For every 10 shares held, investors received 1. The price per share adjusted from $1.26 to $12.60.
The split itself did not change the total investment value.
Swadeshi Industries & Leasing Ltd. (BSE:SWADEIN) operates in the Textiles industry.
Swadeshi Industries & Leasing Ltd. company overviewSwadeshi Industries & Leasing Ltd.'s most recent stock split was on June 14, 2018. It was a 1-for-10 reverse split, so shareholders received 1 share for every 10 they held.
Swadeshi Industries & Leasing Ltd. (BSE:SWADEIN) has split its stock 2 times: a 10-for-1 split on July 2, 2014 and a 1-for-10 reverse split on June 14, 2018.
Swadeshi Industries & Leasing Ltd. has split its stock 2 times. This history records 2 splits between July 2, 2014 and June 14, 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 Swadeshi Industries & Leasing Ltd.'s 1-for-10 reverse split on June 14, 2018, 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.
Swadeshi Industries & Leasing Ltd. has not announced a new split in our records. Its most recent split was on June 14, 2018, 8 years ago. Companies announce splits in advance, and any new BSE:SWADEIN split will appear on this page.
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