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HomeMarket NewsStock Split: Ami Organics shares at day's low ahead of board meet to consider proposal
This will be the first stock split in the company's history since it became a public company in September 2021. Currently, shares of Ami Organics carry a face value of ₹10 per share.
By Hormaz Fatakia February 21, 2025, 1:41:46 PM IST (Updated)
Shares of Ami Organics Ltd. are trading with gains of as much as 2% in early trading on Friday, February 21, ahead of the company's board meet.
The company's board will meet today to consider the proposal for a stock split.
This will be the first stock split in the company's history since it became a public company in September 2021. Currently, shares of Ami Organics carry a face value of ₹10 per share.
Over the last three years, the company has paid a final dividend of ₹3 per share every year. This is the only corporate action that the company has carried out since its listing.
Record date for the stock split is yet to be announced.
Ami Organics specialises in varied pharma products, including custom synthesis and contract manufacturing.
Shares of Ami Organics are trading 1.8% higher on Friday at ₹2,326. The stock is up nearly 4x from its IPO price of ₹610 per share.
The stock has been an outperformer so far in 2025, having gained close to 12%.
First Published:
Feb 21, 2025 9:34 AM
IST
