Salasar Techno Has Announced A Stock Split Of 1:10.

Salasar Techno Engineering Ltd told the stock markets that during its board meeting on April 30, 2022, the company’s board of directors approved a stock split or sub-division of the company’s equity shares.

Salasar Techno’s stock split ratio is set at 1:10, which means that one (1) existing equity share of the firm with a face value of Rs. 10/- (each completely paid up) will be split/ subdivided into ten (10) equity shares with a face value of Rs. 1 each fully paid up. The record date will be announced as soon as possible.

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The stock split decision was made to increase the liquidity of the business’s equity shares and to encourage small investors to participate by making it more affordable, according to the corporation.

By issuing extra shares to current shareholders, a stock split increases the number of outstanding shares. Although a stock split lowers the market price of individual shares, it has no effect on the company’s market capitalization.

If a company’s stock price levels are extremely high, it may decide to split its stock to make it more cheap, resulting in more liquidity in the stock.

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Salasar Techno Engineering Ltd, founded in 2007, is an Indian company that specialises in specialised steel fabrication and infrastructure solutions. Engineering, designing, manufacture, galvanization, and deployment are all services provided by the company.

Telecommunication towers, power transmission line towers, smart lighting poles, monopoles, guard rails, substation structures, solar module mounting structures, and custom galvanised and non-galvanized steel structures are among the company’s offerings.

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