1:2 Stock Split Soon: Energy Stock Gives 130% Returns In 2024 Before Splitting; How To Be Eligible?

KPI Green Energy, a powerpack renewable and wind power energy company, has finally decided to split its equity shares in the ratio of 1:2.

In its meeting on May 23, KPI Green Energy's board of directors considered, approved and recommended ordinary resolution through postal ballot for alteration of the capital of the Company by sub-division/split of existing equity share of the Company from One equity share having face value of Rs. 10/- (Rupees Ten only) each, fully paid-up, into 2 (Two) equity shares having a face value of Rs. 5/- (Rupees Five only) each, fully paid up.

Hence, a stock split ratio of 1:2.

However, KPI has also said that the record date for the above sub-division/split of Equity Shares shall be decided after obtaining approval of the shareholders through a postal ballot and will be intimated in due course.

Only those investors will be eligible for stock split ratio adjustments in their share price, who holds KPI Green stock by the end of the record date.