Investors, Get Ready: Record Date For 1:10 Stock Split Announced – What Actions Should You Take?

India's RDB Realty & Infrastructure Ltd. is a real estate firm. It belongs to the RDB Group. The firm RDB Realty & Infrastructure Ltd. holds an ISO 9001:2008 certification. One of Eastern India's top real estate firms is run by Sri Sunder Lal Dugar. After going public in 2010, the firm was founded in 1981 and now operates in several Indian cities, including Hyderabad, Jaipur, and Mumbai. With a market value of Rs 934.34 Cr, RDB Realty & Infrastructure's shares closed Tuesday's trading session 2% down on the BSE at Rs 540.60 a share. This is as the record date for the company's announced 1:10 stock split draws closer.

RDB Realty & Infrastructure Stock Split

"We would like to inform you that the Board of Directors of the Company, through a Resolution passed by Circulation, has approved and fixed Friday, 28th February, 2025 as the Record Date, for the purpose of determining the eligibility of Members of the Company, for Sub-division / Split of Existing 1 (One) Equity Share of face value of Rs. 10/- (Rupees Ten only) each, fully paid up, into 10 (Ten) Equity Shares of face value of Re. 1/- (Rupee One only) each, fully paid up, ranking pari passu in all respects which was approved by the Members of the Company, through Postal Ballot on Friday, 24th January, 2025," said RDB Realty & Infrastructure in a stock exchange filing.

RDB Realty & Infrastructure News

From Rs 0.92 crore in the December 2023 quarter to Rs 1.73 crore in the December 2024 quarter, RDB Infrastructure and Power's net profit rose by 88.04%. Sales in the quarter ending in December 2024 climbed 251.45% to Rs 24.18 crore from Rs 6.88 crore in the same period last year, which ended in December 2023.

RDB Realty & Infrastructure Share Price Target

"RDB Realty stock price is slightly bullish on the Daily charts with strong support at 536.8. A Daily close above resistance of 560 could lead to a target of 605 in the near term," as per A R Ramachandran, Independent Research Analyst.

Disclaimer

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