AMC stock that rallied 150% this year announces 10:1 stock split. Details here
2022 stock split: Greencrest Financial Services’ board of directors has approved dividing the company’s shares 10:1 in 2022. Inferentially, a 10 rupee equity share will now be divided into 10 equity shares, each with a face value of 1 rupee.
The stock split record date was determined by the corporate board as October 12, 2022.
“Members are hereby notified that the Company has selected 12th October 2022 as a record date for the purpose of Sub-division of Face Value of Equity Shares,”
reads the statement that the AMC firm sent to the stock market exchange in order to notify it of the stock split of Greencrest Financial Services.
The board of directors approved a 10:1 stock split at its meeting on August 30, 2022, and the record date for the stock split was set for September 27, 2022. The AMC Company announced its choice to Indian stock markets.
After learning of the stock split, market bulls expressed interest in the AMC share, increasing the company’s trading volume and igniting a powerful upward trend.
The stock has touched the upper circuit five times in the last seven sessions as opposed to six times in the prior seven sessions. Last week’s Thursday was spared the elite circuit.
Greencrest Financial Services share price history
Investor capital has increased by a factor of two in the share price of Greencrest Financial Services year-to-date (YTD) in 2022. It increased by 150 percent this year, from around $7 to $7.17 each piece.
About Greencrest Financial Services Ltd
The AMC corporation is listed on the CSE and the BSE (Bombay Stock Exchange) (Calcutta Stock Exchange). According to material on the company’s website, it was founded in February 1993 as Marigold Glass Industries Limited.
In May 2013, it adopted the name Greencrest Financial Services Limited. The company also asserts on its website that it is one of the non-deposit taking NBFCs registered with the RBI, operates as an NBFC, invests its excess cash in shares and securities, and operates as an NBFC.