One of the multibagger stocks that the Indian stock market has created recently is Deep Industries. In the last two years, the small-cap multibagger stock has increased by more than 600%, and the company has now notified Indian bourses that the stock will be dividended to the face value of $5 per share from the face value of $10 per share. In early morning trades, the share price of Deep Industries increased 2.50 percent on the stock split ex-date.
Divided shares of Deep Industries
The Board of Directors of the Company at its board meeting held today has accorded its approval to sub-divide/split the Equity Shares of the Company such that 1 (One) Equity Share having nominal/face value of Rs. 10/- (Rupees Ten Only) each be subdivided into 2 (Two) Equity Shares having nominal/face value of Rs. 5/- (Rupees Five Only) each, subject to approval. The multibagger stock informed Indian stock market
Date of the Deep Industries share split
“It is hereby informed that, the Board of Directors of the Company has passed the necessary Resolution through Circular Resolution Today i.e. on March 21, 2023 and has fixed the “Record date” on Monday, April 10, 2023 for the purpose of Sub-Division of every 1 (One) Equity Share of the Nominal/ Face Value of Rs.10/ – (Rupees Ten Only) each into 2 (Two) Equity Shares of the Nominal/ Face Value of Rs