Angel One Stock Split Takes Effect Today: Shares Trade Ex-Split from February 26

Angel One Stock Split Takes Effect Today: Shares Trade Ex-Split from February 26​

Shares of Angel One Ltd will trade with stock split adjustment starting Thursday, February 26, as the brokerage firm implements its approved 1:10 split.

The company had fixed February 26 as the record date for the stock split. Investors holding shares in their demat accounts as of market close on Wednesday are eligible for the corporate action. Those purchasing shares on or after Thursday will not qualify for the split benefit.

Angel One 1:10 Stock Split Explained​

Angel One announced a stock split in the ratio of 1:10. Under this structure, one equity share with a face value of ₹10 is subdivided into ten equity shares of ₹1 each.

For instance, an investor holding 100 shares with a face value of ₹10 each before the split will receive 1,000 shares of ₹1 each after the adjustment. While the number of shares increases, the overall investment value remains unchanged as the market price adjusts proportionately to reflect the split ratio.

This means the stock price will realign in accordance with the tenfold increase in share count.

Eligibility and Record Date Details​

Shareholders recorded in the company’s books at the close of trading on Wednesday qualify for the stock split. Since the stock trades ex-split from Thursday, fresh buyers from that day onward will not be entitled to the benefit.

First-Ever Corporate Action of This Nature​

This marks the first stock split undertaken by Angel One. It is also the first corporate restructuring move of this kind by the company for its shareholders.

Previously, the company has rewarded investors through consistent dividend payouts. Since November 2020, Angel One has distributed nearly ₹200 per share in dividends.

Angel One Share Price Performance​

As of the latest trading session, shares of Angel One are trading at ₹2,454.9, with little change during the day.

Over the past 12 months, the stock has gained 11 percent. However, it remains nearly 45 percent below its record high.

The stock split is expected to increase the number of outstanding shares while keeping the overall market capitalization unaffected, as the price adjusts in line with the revised face value.