Nava Limited (NAVA) board has announced a 2:1 stock split, reducing the face value of its equity shares from 2 to 1. Shareholders will receive two new shares for every share they hold, effectively doubling their total number of shares. The record date for this stock split is January 20, 2025. You can check the announcement from the company here.
Stock Split Details
| Company | Nava Limited (NAVA) |
|---|---|
| Split Ratio | 2:1 |
| Record Date | January 20, 2025 |
| Ex-Date | January 20, 2025 |
| Eligibility | Shareholders holding or buying shares on or before the ex-date (January 17, 2025) |
| Credit Timeline | Within 2 -3 trading days from the record date (January 20, 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 2:1 stock split mean for Nava Limited?
For every one share held with a face value of 2, it will be subdivided to create a total of 2 shares with a new face value of 1 each. This increases the total number of shares each shareholder holds by two times.
Example:
- Before Split: 100 shares at ₹880 each = ₹88,000 total value.
- After Split: 200 shares at ₹440 each = ₹88,000 total value.
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 Nava Limited on or before the cum-date (January 17, 2025) will be eligible to receive the split shares. To qualify, the shares must be credited to your demat account by the record date (January 20, 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.