Coforge shares go ex-split tomorrow, last day to buy for 1:5 stock split eligibility
Shares of
Coforge
will begin trading on an
ex-split
basis from Wednesday, June 4, 2025, as the company had earlier announced that June 4 would be the record date for determining the eligibility of shareholders entitled to receive the subdivided
equity shares
in 1:5 ratio.
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.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Play War Thunder now for free
War Thunder
Play Now
Undo
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.
Play Video
Pause
Skip Backward
Skip Forward
Unmute
Current Time
0:00
/
Duration
0:00
Loaded
:
0%
0:00
Stream Type
LIVE
Seek to live, currently behind live
LIVE
Remaining Time
-
0:00
1x
Playback Rate
Chapters
Chapters
Descriptions
descriptions off
, selected
Captions
captions settings
, opens captions settings dialog
captions off
, selected
Audio Track
Picture-in-Picture
Fullscreen
This is a modal window.
Beginning of dialog window. Escape will cancel and close the window.
Text
Color
White
Black
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Opaque
Semi-Transparent
Text Background
Color
Black
White
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Opaque
Semi-Transparent
Transparent
Caption Area Background
Color
Black
White
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Transparent
Semi-Transparent
Opaque
Font Size
50%
75%
100%
125%
150%
175%
200%
300%
400%
Text Edge Style
None
Raised
Depressed
Uniform
Drop shadow
Font Family
Proportional Sans-Serif
Monospace Sans-Serif
Proportional Serif
Monospace Serif
Casual
Script
Small Caps
Reset
restore all settings to the default values
Done
Close Modal Dialog
End of dialog window.
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.
Live Events
Also read:
CDSL shares witness strong bullish momentum, up 60% from March lows
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.
(
Disclaimer
: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
15 minutes ago
- Time of India
MSE procurement targets surpassed in previous fiscal
New Delhi: Central ministries exceeded the target of buying goods and services from micro and small enterprises (MSEs) by over 94% in FY25. The ministries that had a minimum MSE procurement target of ₹100 crore bought goods and services worth ₹92,675 crore from these enterprises in the last fiscal, against a target of ₹47,676.88 crore, according to data from the MSME ministry 's Sambandh portal. These ministries had procured ₹73,800 crore worth of goods and services from MSEs in FY24. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Access all TV channels anywhere, anytime Techno Mag Learn More Undo The petroleum & natural gas ministry led the group in procurement value, followed by the defence ministry and the power ministry. However, the finance ministry, the health & family welfare ministry and the department of space fell short of their procurement targets by huge margins, achieving only 58%, 19.60% and 2.30%, respectively, of their procurement targets. The petroleum & natural gas ministry's procurement stood at ₹31,304 crore, the defence ministry's was at ₹13,039 crore and the power ministry procured ₹11,584 crore worth of goods and services from MSEs in last fiscal. Live Events In percentage terms, though, the shipping ministry was the top performer, exceeding its procurement target from MSEs by 300%. It was followed by the ministries of petroleum & natural gas and civil aviation, which exceeded their targets by 173% and 148%, respectively.
Time of India
25 minutes ago
- Time of India
Tesla sales continue to fall in Europe's largest car market, here's the Chinese EV company hurting Tesla
Tesla sales in Germany , Europe's largest car market, plummeted by 36.2% in May, marking the fifth consecutive month of decline, according to data released by the German Federal Motor Transport Authority (KBA). The agency reported that Tesla registered just 1,210 new vehicles last month, down from the same period a year ago. Despite Tesla's struggles, the overall market for battery electric vehicles (EVs) in Germany surged by 44.9%, driven by strong demand for competitors, notably Chinese automaker BYD. The decline in Tesla's sales extends beyond Germany, with significant drops across other European markets. In France, Tesla's registrations fell by a staggering 67%, while Spain saw a 29% decrease. In Sweden, Tesla's sales dropped 53%, with Volkswagen's new electric model, the ID.7, outselling Tesla's revamped Model Y by nearly two to one. Norway was a notable exception, where Tesla sold 2,600 vehicles—more than triple the previous year's figures—boosted by strong deliveries of the updated Model Y. Chinese EVs are hurting Tesla Meanwhile, Chinese EV giant BYD has been gaining ground in Europe. In Germany, BYD's sales soared ninefold to 1,857 units in May, making it the top-performing Chinese EV brand in the market. This growth comes despite the European Union imposing 17% tariffs on Chinese EVs in 2024. Across Europe, the appetite for electric vehicles remains robust, with Spain reporting a 72% increase in overall EV sales, even as Tesla's figures slid by 19%. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Unfriendliest Countries in the World, Ranked TheDaddest Undo Analysts attribute Tesla's declining sales to a combination of factors, including growing competition from Chinese manufacturers and controversy surrounding CEO Elon Musk 's political activities, which have sparked protests among some European consumers. As the EV market continues to expand, Tesla faces mounting pressure to regain its footing in key markets. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
26 minutes ago
- Time of India
VMC revives proposal for new bridge at Kamatibaug Zoo
Vadodara: The Vadodara Municipal Corporation (VMC) will go ahead with the construction of a new bridge for visitors at the Kamatibaug Zoo. The existing bridge, built during the reign of Maharaja Sayajirao Gaekwad III, was shut to the public in 2023 due to safety concerns. The bridge, which links the aviary with the main zoo premises, was first closed to heavy and four-wheel vehicles in 2022, after signs of structural ageing were noted. Following the Morbi bridge collapse later that year, authorities decided to completely bar public access to the old bridge. For a while, it was used only by zoo and garden officials, but even that was stopped after the VMC's bridge department raised fresh red flags over its safety. Plans to build a parallel bridge have been under consideration since last year. However, the civic body's standing committee initially rejected the proposal when the lowest bid for the construction turned out to be 35% higher than the estimated cost. Even after negotiations, the revised bid stood 32.3% above the Rs 11.64 crore estimate. The contractor had quoted Rs 14.62 crore, which the committee found too steep. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo The proposal was then returned with a suggestion to explore the possibility of strengthening or restoring the heritage bridge. A report by Sardar Vallabhbhai National Institute of Technology (SVNIT), Surat, later confirmed that the existing bridge could not be strengthened or rehabilitated. Zoo officials, meanwhile, have been pushing for a new bridge, pointing out that the lack of direct access has disrupted daily operations. Staff now have to take longer routes to transport food and other supplies. Visitors — especially schoolchildren and senior citizens — are also facing inconvenience as they have to walk extra distances to access different sections of the zoo due to the closure of the old bridge. In light of the SVNIT findings and the challenges faced by zoo personnel and the public, a new proposal has been drafted. Sources said the same contractor who submitted the original bid last year has now agreed to maintain the quoted price and extend the validity of the tender. The revised proposal has once again been submitted to the standing committee and is expected to come up for discussion later this week.
