Therefore, today, June 3, becomes the last day for investors to purchase shares of Coforge in order to be eligible for the stock split. Only shareholders whose names appear in the company’s records as of the record date will receive the benefit of the subdivided shares.
In a previous official exchange filing, the company stated that the company will sub-divide its existing equity shares in the ratio of 1:5. This means that each existing equity share with a face value of Rs 10 will be split into five equity shares with a face value of Rs 2 each.
The record date is the cut-off date to determine which shareholders are entitled to receive the corporate benefit, in this case, the stock split. Shareholders who hold Coforge shares as of the end of the trading day on June 4, 2025, will be eligible for the split.
Trading on an ex-split basis means that from June 4 onward, the share price will reflect the adjusted value post-split, and any investor buying the stock from that day will not be entitled to the benefit of the split. Only those holding the stock as per the records on the record date will receive the subdivided shares.
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Stock splits are corporate actions that increase the number of shares outstanding while reducing the face value per share, with no change to the company’s overall market capitalization. These actions are undertaken by companies for a variety of structural and market-related reasons, but the entitlement is strictly governed by the record date fixed by the company.
Coforge stock split history
According to Trendlyne data, this is the first-ever instance of Coforge splitting its shares.
On Monday, the shares of Coforge closed flat with a positive bias at Rs 8,600 on the BSE.
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