Dec 26, 2017
3:5
For every 5 shares held, investors received 3.
The split itself did not change the total investment value.
Shiva Texyarn Limited (NSE:SHIVATEX) operates in the Textiles industry.
Shiva Texyarn Limited company overviewShiva Texyarn Limited's most recent stock split was on December 26, 2017. It was a 3-for-5 reverse split, so shareholders received 3 shares for every 5 they held.
Shiva Texyarn Limited has split its stock once. This history records one reverse split, on December 26, 2017.
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 Shiva Texyarn Limited's 3-for-5 reverse split on December 26, 2017, every 5 shares became 3 shares. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Shiva Texyarn Limited has not announced a new split in our records. Its most recent split was on December 26, 2017, 8 years ago. Companies announce splits in advance, and any new NSE:SHIVATEX split will appear on this page.
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