Nov 05, 2014
1:10
For every 10 shares held, investors received 1.
The split itself did not change the total investment value.
Balu Forge Industries Ltd (NSE:BALUFORGE) operates in the Trucks/Construction/Farm machinery industry.
Balu Forge Industries Ltd company overviewBalu Forge Industries Ltd's most recent stock split was on November 5, 2014. It was a 1-for-10 reverse split, so shareholders received 1 share for every 10 they held.
Balu Forge Industries Ltd has split its stock once. This history records one reverse split, on November 5, 2014.
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 Balu Forge Industries Ltd's 1-for-10 reverse split on November 5, 2014, 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.
Balu Forge Industries Ltd has not announced a new split in our records. Its most recent split was on November 5, 2014, 11 years ago. Companies announce splits in advance, and any new NSE:BALUFORGE split will appear on this page.
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