RDB Infrastructure and Power Announces Record Date for Stock Split
RDB Infrastructure and Power Limited, a prominent real estate and solar services-related company in India, has made a significant announcement that is likely to delight its shareholders. The company’s board has announced a 10:1 stock split, which is a rare and exciting development in the world of Indian corporate finance. As per the announcement, each existing ₹10 face value equity share will be divided into 10 equity shares of ₹1 each. This means that existing shareholders will receive 10 times more shares as a result of the stock split.
The record date for the stock split has been fixed as Friday, February 28, 2025. This means that all shareholders who own shares of the company as of the record date will be eligible to receive the new shares resulting from the stock split.
For those who may not be familiar with the term “stock split,” it is a corporate action where a company divides its existing shares into a larger number of shares. This is done to increase the liquidity and trading volume of the company’s shares, making it more attractive to investors. In the case of RDB Infrastructure and Power Limited, a 10:1 stock split is a significant development, as it will increase the number of shares outstanding by a factor of 10.
RDB Infrastructure and Power Limited was founded in 1981 and has established itself as a prominent player in the Indian real estate and solar services sectors. The company has a diverse portfolio of projects, including residential and commercial real estate development, solar power generation, and renewable energy solutions. Over the years, the company has delivered impressive growth and returns to its shareholders, with its shares offering a staggering 3000% returns in recent years.
The company’s success can be attributed to its strategic focus on sustainable and renewable energy solutions, as well as its commitment to delivering high-quality projects to its customers. Its solar power generation business has been particularly successful, with the company having installed over 100 MW of solar power capacity across India.
The stock split announcement is likely to be a welcome development for existing shareholders of RDB Infrastructure and Power Limited. The increased liquidity and trading volume resulting from the stock split will make it easier for investors to buy and sell the company’s shares, which could attract new investors to the company’s stock. Additionally, the stock split could also increase the company’s visibility and reputation among investors, which could lead to improved investor sentiment and a higher share price.
In conclusion, the announcement of a 10:1 stock split by RDB Infrastructure and Power Limited is a significant development that is likely to delight its shareholders. The record date for the stock split has been fixed as Friday, February 28, 2025, and existing shareholders who own shares of the company as of that date will be eligible to receive the new shares resulting from the stock split. With the company’s impressive track record of growth and returns, the stock split is likely to be a positive development for investors in the company’s stock.
