Introduction:
Leading IT solutions provider has announced a board decision to split its existing equity shares. The move aims to enhance liquidity and affordability, reducing the face value of shares from INR 10 to INR 5, pending shareholder approval.
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Share price movement of Ksolves India:
On December 23, 2024, Ksolves India Ltd opened at ₹996.95, down 1.37% from its previous close of ₹1,010.85. The stock reached a high of ₹1,007.95 and a low of ₹963.00. By 12:54 PM, it traded at ₹971.00, a 3.94% decrease, with a market cap of ₹1,151.22 crore.
Ksolves India Ltd Approves Share Split:
Ksolves India Limited held a board meeting on December 20, 2024, where the directors approved a proposal to split its existing equity shares. The split will reduce the face value of each share from INR 10 to INR 5.
The board’s decision aims to improve liquidity and make the stock more accessible to investors. The proposal is subject to shareholder approval and involves altering the capital clause of the company’s memorandum of association. The new share structure will consist of 2.5 crore shares at INR 5 each.
The company’s authorized share capital will remain unchanged at INR 12.5 crore, and the post-split paid-up capital will consist of 1.18 crore shares. The board has also outlined the anticipated completion of the split, pending regulatory approvals and shareholder consent.
Recent news on Ksolves India:
As of October 19, 2024, Ksolves India reported a strong Q2 performance with a 34.01% YoY revenue increase and an 11.66% rise in profit. The company also saw a 10.3% revenue growth and 2.66% profit increase compared to Q1.
Ace investor holding in Ksolves India:
Sachin Balkrishna Ramdasi
Sachin Balkrishna Ramdasi holds a 5.28% stake in Ksolves India Ltd, with 625,700 shares valued at ₹60.9 crore. This significant holding reflects his strong investment in the company’s growth potential.
Stock performance of Ksolves India for Period of 1 week, 6 months and 1 year:
Ksolves India Ltd has faced a decline in performance, with a 2.32% drop over the past week, an 11.8% decrease in the last six months, and an 18% fall over the past year, indicating challenges in its recent financial performance.
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Shareholding pattern of Ksolves India:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 58.90% | 58.90% | 58.90% |
| FII | 0.90% | 1.60% | 1.90% |
| DII | 0.10% | 0.10% | 0.10% |
| Public | 40.10% | 39.40% | 39.10% |
About Ksolves India:
Ksolves India Ltd (NSE: KSOLVES) is a leading software solutions provider, specializing in Big Data, AI, Machine Learning, Salesforce, DevOps, and more. It serves diverse industries globally with a team of 410+ experts, delivering tailored IT solutions.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
