Stock splits in 2024

A stock split, also called a sub-division, cuts the face value of a share, the nominal value printed on it, into smaller units. A split from ₹10 to ₹1 turns every share held into ten. The price of each share falls to a tenth, and the company's market cap, its share price times its number of shares, stays the same.

The page includes every split whose ex-date fell in 2024, grouped by month with the latest ex-date first. Each company name links to its bonus and split history. Nestle India split from ₹10 to ₹1 in Jan 2024, and Canara Bank from ₹10 to ₹2 in May 2024.

Columns are the company with its ticker and sector, the face value before and after, the record date, the ex-date, the price and the market cap. A dash in market cap means no figure is available.

The record date is the day the company checks its register to see who is entitled to the new shares. The ex-date is the first day the share trades at the split-adjusted price.

Trades settle one working day after they are made (T+1), so the two dates usually fall on the same day.

Under the Companies Act, 2013, a company can sub-divide its shares only if its articles of association allow it and shareholders approve it by resolution.

On the ex-date the raw price shows a step down, so charts adjust earlier prices by the split ratio.

A split divides the face value and leaves reserves alone. A bonus issue keeps the face value and gives extra shares free out of reserves, in a ratio such as 1 for 1.