A B Infrabuild Stock Split: Last Day to Buy Shares Before October 17 Ex-Date

Mumbai, October 16: A B Infrabuild Limited is nearing its stock split with the ratio of 1:10, for which it has set tomorrow, October 17 as both the ex-date and the record date. Ex-date is the date before which investors must hold or buy the shares of the company to have their names in the shareholders’ list and to be eligible for the stock split. The record date is the date on which a company looks at its shareholders’ list to determine eligible shareholders.

As A B Infrabuild Limited has set both the dates for tomorrow, investors who want to benefit from the 1:10 stock split must hold or buy the shares of the company before the close of today’s trading session.

A B Infrabuild Limited is an Indian company that is engaged in infrastructure development and construction within the real estate sector. The company was established in 2009 and is headquartered in Mumbai, Maharashtra. Yesterday, A B Infrabuild Limited share price closed 1.22%, or 2.35 points higher at ₹195.06.

Understanding the 1:10 Stock Split

A B Infrabuild Limited has announced a 1:10 stock split. Within this corporate action, eligible shareholders will receive ten equity shares of ₹1 each for every one share held at ₹10 face value. Once executed, it will help make the share price more affordable to new investors and also enhance liquidity.

The share price of A B Infrabuild Limited will start trading ex-split tomorrow. It means that it will adjust in proportion to the stock split, falling one-tenth to the closing price of today. Although it will not have any effect on investors’ investment value and the market cap of the company, investors who buy the shares after today will not receive the benefit of the stock split. Hence, today is the last day to buy the shares of A B Infrabuild Limited to benefit from the stock split.

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