Shriram Finance Stock Split: Record Date For 1:2 Share Division Announced - Details Inside

Shriram Finance Limited has officially declared January 10, 2025, as the record date for its highly anticipated 1:2 stock split. This announcement comes after the company secured shareholder approval via a postal ballot on December 20, 2024.

Shriram Finance Record Date 

‘the Sub-division/Split of face value of Equity Shares of the Company and Regulation 42 of the Listing Regulations, the Company has fixed Friday, January 10, 2025 as the “Record Date” for determining entitlement of Equity Shareholders for the purpose of Sub-division/Split of face value of Equity Shares of the Company,’ the company mentioned in the exchange filing. 

The stock split will involve subdividing the face value of equity shares from Rs 10 each into five fully paid equity shares with a face value of Rs 2 each. 

Shriram Finance Stock Split
As per the filing, the split ratio of 1:2 ensures shareholders receive two shares for every single share they own.

The company emphasized that all new shares will rank pari passu with the existing shares in terms of rights and benefits. Shareholders holding equity shares as of the record date—January 10, 2025—will be eligible for the split.

‘for the purpose of subdivision/ split of face value of each Equity Share of face value of Rs.10/- (Rupees Ten Only) each, fully paid-up into 5 (five) Equity Shares of face value of Rs.2/- (Rupees Two Only) each, fully paidup (Share Split Ratio), ranking pari-passu in all respects.’ as mentioned in the exchange filing. 

Shriram Finance Share Price Today
The stock opened today at Rs 2929.05 and is currently trading at Rs 2910.00, up by Rs 38.25 (+1.33%). The company has a market capitalization of Rs 1,09,433.10 crore. Over the past week, the stock has declined by 7.34%, while in the last month, it has gained 1.84%. 

Shriram Finance Share Price History 
Over the past year, it has appreciated by 41.29%, and in the last 5 years, it has seen a significant increase of 156.46%. Looking at a longer horizon, the stock has risen by 170.65% in the last 10 years.
 
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