Nov 26, 2018
1:10
For every 10 shares held, investors received 1.
The split itself did not change the total investment value.
Mangal Credit & Fincorp Ltd. (NSE:MANCREDIT) operates in the Finance/Rental/Leasing industry.
Mangal Credit & Fincorp Ltd. company overviewMangal Credit & Fincorp Ltd.'s most recent stock split was on November 26, 2018. It was a 1-for-10 reverse split, so shareholders received 1 share for every 10 they held.
Mangal Credit & Fincorp Ltd. (NSE:MANCREDIT) has split its stock 3 times: a 6-for-1 split on December 17, 2015, a 10-for-1 split on May 17, 2017, and a 1-for-10 reverse split on November 26, 2018.
Mangal Credit & Fincorp Ltd. has split its stock 3 times. This history records 3 splits between December 17, 2015 and November 26, 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 Mangal Credit & Fincorp Ltd.'s 1-for-10 reverse split on November 26, 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.
Mangal Credit & Fincorp Ltd. has not announced a new split in our records. Its most recent split was on November 26, 2018, 7 years ago. Companies announce splits in advance, and any new NSE:MANCREDIT split will appear on this page.
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