SpaceX shareholders have approved the board recommended 5 for 1 stock split, according to Bloomberg. Shareholders were emailed that the stock’s fair market value would be adjusted to $105.32 per share from $526.59. The split is expected to be processed during the week of May 18 and completed by May 22. Separately, Reuters reports SpaceX is aiming to list on Nasdaq as early as June 12, with plans to pursue a massive capital raise at a valuation around $1.75 trillion.
Deepak Builders & Engineers has approved a 1:10 stock split and increased its authorised share capital to Rs 65 crore. The company says the changes are aimed at improving liquidity, making shares more accessible, and strengthening its capital base. Management also frames the move as support for future growth and greater investor participation.
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Kirloskar Pneumatic Company has announced a 1:2 stock split for eligible shareholders, effectively doubling share count while retaining ownership value proportions. The company also declared a final dividend of Rs 8.5 per share and shared its Q4 results. Investors are now watching how the move and earnings translate into near-term trading momentum after recent gains.
Anlon Healthcare shares seemed to plunge nearly 90% in a single session, but the move was driven by price adjustments after a 1:1 bonus issue and a 1:5 stock split. The company’s market capitalisation remains unchanged, while the corporate actions aim to improve liquidity. Investors are urged to look beyond the headline fall and check the event details.
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