Introduction:
NBFC stock announced a 1:5 stock split, with changes to its Memorandum for increased share capital and restructuring. It seeks shareholder votes on these changes and a significant divestment, with e-voting scheduled from December 31, 2024, to January 29, 2025.
Share Price movement of Capital India Finance :
On December 26, 2024, Capital India Finance Ltd opened at ₹192.70, hit a high of ₹192.75, and a low of ₹187.55. Currently, it’s trading at ₹188.95, reflecting a decrease of 0.18% from the previous close of ₹189.30, with a market cap of ₹1468.79 crore.
Capital India Finance share price rise:
Capital India Finance Limited announced a 1:5 stock split, converting each share with a face value of INR 10 into five shares valued at INR 2 each, pending shareholder approval. The record date will be communicated following shareholder consent.
The company also plans to revise its Memorandum of Association’s Capital Clause to reflect a new authorized share capital of INR 214 crore, divided into 102 crore equity shares of INR 2 each, and one crore preference shares of INR 10 each, subject to member approval.
Additionally, Capital India Finance Limited will seek shareholder approval via postal ballot for the stock split, alteration of the capital clause, and divestment of its entire stake in Capital India Home Loans Limited. Remote e-voting will be available from December 31, 2024, to January 29, 2025.
Also Read: Stocks to Consider for This New Year 2025
Recent news About Capital India Finance :
On December 6, 2024, Capital India Finance Limited announced the renewal of its RBI Authorised Dealer Category-II and Money Transfer Service Scheme licenses, dated December 4, ensuring continued operations in their financial services.
Stock performance of Capital India Finance for Period of 1 week, 6 months and 1 year:
Over the past week, Capital India Finance’s stock has seen a slight decline of 0.53%. However, over the last six months, it has surged impressively by 82.7%. On a year-to-year basis, the stock has also achieved a strong gain of 33.5%.
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Shareholding pattern of Capital India Finance :
Summary | Sep-24 | Jun-24 | Mar-24 |
Promoter | 73.00% | 73.00% | 73.00% |
FII | 0% | 0% | 0% |
DII | 0% | 0% | 0% |
Public | 27.00% | 27.00% | 27.00% |
About Capital India Finance :
Capital India Finance Limited is a non-banking financial company that provides diversified financial services including loans, investment banking, and wealth management. It aims to support economic growth by offering innovative financial solutions to individuals and businesses across India.
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.