)
Innerwear manufacturer, Lux Industries has announced a stock split of the face value of Rs. 10 each into Rs. 2 each per equity share in a 5-for-1 stock split, in compliance with applicable provisions of the Companies Act, and other applicable provisions. According to the company's chairman Ashok Kumar Todi, the stock split, effective June 6 this year, will reduce per unit price and increase deliverable quantity, thereby enhancing buying capacity coupled with liquidity. It will also strengthen share price and increase volumes, both in number as well as value. However, this will not affect the rights of the shareholders or the taxability. "This year we have witnessed a turnover of Rs. 940.86 crore which ensured a top line growth by 3.51 per cent. With this stock split we are looking at a renewed investor sentiment and achieve greater liquidity for the stock. We believe this is the right time to give more investors that opportunity to be a part of the success story", he said.Upon the comp
Innerwear manufacturer, Lux Industries has announced a stock split of the face value of Rs. 10 each into Rs. 2 each per equity share in a 5-for-1 stock split, in compliance with applicable provisions of the Companies Act, and other applicable provisions. According to the company's chairman Ashok Kumar Todi, the stock split, effective June 6 this year, will reduce per unit price and increase deliverable quantity, thereby enhancing buying capacity coupled with liquidity. It will also strengthen share price and increase volumes, both in number as well as value. However, this will not affect the rights of the shareholders or the taxability. This year we have witnessed a turnover of Rs. 940.86 crore which ensured a top line growth by 3.51 per cent. With this stock split we are looking at a renewed investor sentiment and achieve greater liquidity for the stock. We believe this is the right time to give more investors that opportunity to be a part of the success story, he said.Upon the comp
Food & Beverage Magazine - December Issue 2023 Celebrity Cover by Food & Beverage Magazine - Issuu
Top 10: Sustainability Strategies of the World's Leading Luxury Fashion Labels
Multibagger stock to split in 1:5 ratio. Stock split record date today
Firm selling Virat Kohli's one8 innerwear to raise $5 million
Lux Industries (LUXIND.NS) - Stock split history
Implantable Loop Recorders Market to grow by USD 558.7 million from 2022 to 2027
Products Archive Plant Engineering
Lovell Minnick Partners Appoints Marshall Lux and Robert Orefice to Advisory Council
New $2.5 Million Morehouse College Finishing Well Scholarship Established by Philanthropists Yolanda and Dale Jones to Assist Scholars with Financial Needs
Lux Industries CFO Saurabh Kumar Bhudolia resigns
SG Mart Limited board approves 10 For 1 Stock Split
Industry Europe – Issue 26.5 by IndustryEurope - Issuu
)
Lux Industries surges on stock split plan
