Mazda Announces 1:5 Stock Split; Record Date Set for January 28
Stock Split Details
Mazda Ltd., an industrial product manufacturing company, has announced a stock split in the ratio of 1:5. This move is expected to have a significant impact on its shareholders and the market. The company stated that each equity share with a face value of ₹10 will be split into five equity shares with a face value of ₹2 each.
Rationale Behind the Split
The stock split is designed to increase liquidity in the stock market and make the shares more affordable to a broader range of investors. This move potentially unlocks more value for existing and new shareholders. The decision was approved by shareholders through a postal ballot process.
Record Date
The official record date for the stock split has been set for January 28, 2025. Investors who hold Mazda shares as of this date will be entitled to receive the new shares in the 1:5 ratio.
Mazda Share Performance
At the close of Friday's trading, Mazda shares were priced at ₹1,970.00, an increase of 79.95 points or 3.90%. Over the past five days, the stock has gained 3.52%, with a monthly increase of 40.02%. On a yearly basis, the stock has appreciated by 28.52%, and over the last five years, it has surged by 308.38%. The stock's all-time increase is at an impressive 483%.
Market Capitalization and 52-Week Range
Mazda currently holds a market capitalization of ₹784.64 crore. The stock’s 52-week high is ₹2,144.40 and the 52-week low is ₹1,103.55, based on BSE data.
About Mazda Enterprises
Mazda Limited, founded in 1972 and headquartered in Ahmedabad, Gujarat, India, specializes in the manufacture of vacuum products, evaporators, pollution control equipment, and food products. The company operates through two primary segments: Engineering Products and Food Products. Mazda Limited has established itself as a leading entity in the global market by integrating advanced technologies, maintaining high-quality standards, and adopting a customer-centric approach.
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