Websol Energy Systems to Trade Ex-Split on November 14; Last Date to Buy Shares Today

Kolkata, November 13: Shares of Websol Energy Systems will trade ex-split on November 14. An ex-split date is the cut-off date before which investors must hold or buy the shares of a company to be eligible for receiving the benefit of a stock split. Since Websol Energy Systems has fixed November 14 as the ex-split date, investors must hold or buy the shares of the company by the end of today’s trading session.

Websol Energy Systems Limited (NSE: WEBELSOLAR, BSE: 517498) is a manufacturer of photovoltaic (PV) monocrystalline solar cells and modules. The company has a large, state-of-the-art integrated production facility located in the Falta SEZ in West Bengal. Its high-efficiency solar products are used for a variety of applications, including grid-tied power plants, standalone systems, remote communication, and rural electrification. The company was established in 1990 and is headquartered in Kolkata, West Bengal.

Key Details About Websol Energy Systems’ Stock Split

Websol Energy Systems has declared a 10-for-1 stock split, reducing the face value of its shares from ₹10 to ₹1. Under this split, shareholders will receive 10 additional shares for every share they currently hold. While the total number of shares will increase tenfold, the share price will proportionally decrease by ten times. This adjustment ensures that the overall investment value for shareholders remains unchanged, so investors need not be concerned about the drop in price tomorrow.

Shares Rise 2.89% At ₹1,350.80

As of 9:25 AM, Websol Energy Systems’ share price was up by 2.89%, or 37.90 points, and was trading at ₹1,350.80. The traded volume stood at 93.81 thousand shares, with the company’s market cap at ₹5,700 crore. The shares have their 52-week high at ₹1,865 and their 52-week low at ₹805.50.

What’s Ahead for Websol Energy Systems?

Websol Energy Systems’ share price will drop tenfold tomorrow to reflect the 10-for-1 stock split. Eligible shareholders will receive 10 additional shares for each share held, keeping the overall investment value unchanged. Investors wishing to qualify for the split must purchase shares by the end of today’s trading session.

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