Angel One Stock Split: Shares Trade Adjusted from February 26 as 1:10 Split Takes Effect
Shares of Angel One will begin trading on an adjusted basis from Thursday, February 26, following the implementation of its 1:10 stock split. The brokerage firm had earlier fixed February 26 as the record date for the corporate action.Angel One 1:10 Stock Split Explained
Under the approved stock split, each equity share with a face value of ₹10 has been subdivided into 10 equity shares with a face value of ₹1 each. This means that for every one share held before the split, investors will now hold 10 shares after the split.Shareholders who held Angel One shares in their demat accounts as of the close of trading on Wednesday are eligible for the split. Investors purchasing shares on or after Thursday, when the stock trades ex-split, will not qualify for this corporate action.
What the Stock Split Means for Investors
To illustrate, if an investor held 100 shares of Angel One with a face value of ₹10 each as of Wednesday’s close, those shares will now convert into 1,000 shares with a face value of ₹1 each after the 1:10 split.Importantly, while the number of shares increases, the overall investment value remains unchanged. The market price adjusts proportionately to reflect the revised face value, ensuring that the total holding value stays the same immediately after the split.
First-Ever Corporate Action of This Kind
This marks the first stock split in Angel One’s history and also the first such corporate action undertaken by the company. In the past, the brokerage has focused on rewarding shareholders through dividends.Since November 2020, Angel One has distributed nearly ₹200 per share in dividends to its shareholders.
Angel One Share Price Performance
As of the latest trading session, shares of Angel One are quoting at ₹2,454.9, showing little change. Over the past 12 months, the stock has gained 11%. However, it remains nearly 45% below its record high levels.The stock split is expected to enhance liquidity by increasing the number of outstanding shares, while keeping the company’s overall market capitalization unaffected immediately after the adjustment.
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The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.