Double Dhamaal: 1:8 Bonus Shares, 1:5 Stock Split, November 01 Record Date; Buy?

With a market valuation of Rs 50.39 Cr, Sellwin Traders Ltd. is a microcap company in the diversified commercial services industry. On September 29, 1980, Sellwin Traders Limited (STL) was established in the State of West Bengal in accordance with the Companies Act of 1956. Real estate and property services, share and securities trading, property investment, finance-related services, and other consulting services have been the company's primary business operations. In 2015, Sellwin Traders Ltd.'s equity shares (Scrip Code: 538875) were listed on the BSE's list of "T" Group Securities and made available for trading.

Sellwin Traders Bonus Shares

"We wish to inform you that the Company has fixed Friday, November 01, 2024 as the 'Record Date' for the purpose of ascertaining the eligibility of Shareholders entitled for issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) new fully paid up Equity Share having face value of Rs. 2/- each for every 8 (Eight) existing fully paid up Equity Share having face value of Rs. 2/- each, subject to the approval of Shareholders of the Company at the ensuing Extra ordinary General Meeting to be held on Monday, October 21, 2024," said Sellwin Traders in a stock exchange filing.

Sellwin Traders Stock Split

"In terms of Regulation 42 of the SEBI Listing Regulations, we wish to inform you that the Company has fixed Friday, November 01, 2024 as the 'Record Date' for the purpose of determining the eligibility of Shareholders for the purpose of sub-division /split of every 1 (One) Equity share of face value of Rs. 10/-(Rupees Ten only) each fully paid up to 5 (Five) Equity shares of the face value of Rs. 2/- (Rupee Two only) each fully paid-up, subject to the approval of Shareholders of the Company at the ensuing Extra ordinary General Meeting to be held on Monday, October 21, 2024," the company said in a regulatory filing.

Sellwin Traders' Latest News

In the meeting held today, October 11, 2024, the company entered into a share purchase agreement to make a strategic investment in Damask Jewellers Private Limited by acquiring or subscribing to 51.0 percent of the total paid-up share capital in the form of equity shares of the company, particularly Damask Jewellers Private Limited.

Sellwin Traders Share Price Target

"Sellwin Traders is sideways to bearish on the Daily charts with strong resistance at 27. A Daily close below support of 24 could lead to a target of 21.3 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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