Focus Lighting has earlier approved to split its shares in the proportion of 1:5, which means, for every one share investors hold, it will be subdivided into five shares.
The proposed stock split will be completed within 3 months from the date of shareholder’s approval.
The record date for the same is fixed as October 6, and the stock will trade ex-split on the same day.
Stock split is usually done to increase the liquidity of the stock in the market. On the ex-split date, investors who are holding the stock until the record date will receive the new shares in demat accounts and the stock price will be adjusted according to the split ratio.
Focus Lighting and Fixtures provides lighting products and solutions. The company offers recessed, surface mounted, and suspended downlights, as well as adjustable, surface mounted, system based and wallwasher, and track-mounted spotlights.
The company's shares have offered 164% returns to investors so far this year and rose by a massive 440% in the last one year period.
Meanwhile, Surya Roshni had earlier announced a stock split in the ratio of 1:2. This means, for every one share investors hold, it will be divided into two shares.
The company too has fixed October 6 as the record date for the purpose of ascertaining the eligibility of shareholders entitled to sub-division of shares.
Surya Roshni operates as a steel producer. The company offers spiral welded pipes, structural steel hollow sections, cold rolled strips, and sheets, as well as provides lighting, fans, and home appliances.
In the last one year period, Surya Roshni shares have more than doubled investors' wealth, rising as much as 114%. So far this year, the stock is aup about 90%
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