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Persistent Systems board approves 2-for-1 stock split, declares Rs 32/share interim dividend

The existing one equity share having a face value of Rs 10 each, will be split into two equity shares having a face value of Rs 5 each, the company said in an exchange filing. This is the first time the company will be splitting the shares since it got listed. Further, the board has also recommended an interim dividend payout of Rs 32 a share for the current financial year. ....

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Persistent Systems board to consider stock split on January 20

Stock splits enhance the liquidity of the company s equity shares and encourage the participation of retail investors by making equity shares of the company more affordable. The valuation of the stock doesnt change and the balance sheet doesn t get affected in this process. ....

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