Coforge Limited (COFORGE) board has announced a 10:2 stock split, reducing the face value of its equity shares from ₹10 to ₹2. Shareholders will receive ten shares for every two shares they hold. The record date for this stock split is June 04, 2025. You can check the announcement from the company here.
Stock Split Details
| Company | Coforge Limited (COFORGE) |
|---|---|
| Split Ratio | 10:2 |
| Record Date | June 04, 2025 |
| Ex-Date | June 04, 2025 |
| Eligibility | Shareholders holding or buying shares on or before the cum-date (June 03, 2025) |
| Credit Timeline | Within 2 -3 trading days from the record date (June 04, 2025) |
What is a stock split?
A stock split is when a company increases the number of shares by reducing the face value per share.
What does the 10:2 stock split mean for Coforge Limited?
Each share with a face value of ₹10 will be subdivided into shares with a face value of ₹2. For every two shares held, shareholders will receive ten shares, effectively increasing the number of shares by five times.
Example:
- Before Split: 100 shares at ₹8,500 each = ₹8,50,000.
- After Split: 500 shares at approximately ₹1,700 each = ₹8,50,000.
Also, we adjust the OHLC data and charts on Kite for corporate actions like bonuses, stock splits, and rights issues. We’ve explained it here.
Who is eligible to receive the split shares?
Shareholders who hold or purchase shares of Coforge Limited on or before the cum-date (June 03, 2025) will be eligible to receive the split shares. To qualify, the shares must be credited to your demat account by the record date (June 04, 2025).
How long does it take for the split shares to reflect?
When a stock undergoes a split, it takes up to 2-3 working days from the ex-date or record date for the new shares to be credited to the demat account. During this period, the shares may not be visible in your holdings.
The P&L may show an artificial decrease in profits or an increase in losses until the new shares are credited. This will be automatically adjusted once the shares are updated.
Can I sell my shares before the split shares are credited?
Yes, you can sell your shares even before the split shares are credited to your demat account. However, the shares sold will be adjusted for the stock split, and the remaining split shares will be credited to your account within 2-3 working days after the record date. There will be no impact on your P&L.
Impact on F&O Positions (If the scrip has F&O contracts)
Traders holding F&O positions in the underlying stock undergoing a stock split are not eligible for corporate action benefits directly.
However, since the stock price adjusts after the split, exchanges modify the lot size and strike prices of the contracts. These adjustments ensure that the total value of the position remains unchanged before and after the ex-date.
You can refer to this post to understand how F&O contracts are adjusted for a stock split: