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Summary
HAL Share News: The stock closed at Rs.3527 on Thursday.
Hindustan Aeronautics Ltd made a big announcement after the stock market closed. The board meeting of the company is to be held on June 27, 2023. In this meeting, the company will take a decision on Stock Split.
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Share split- Reducing the face value of a share is called share split. If put in simple words, when the share price becomes too high, then the company attracts more investors by reducing its price.
Suppose the face value of a share of Rs 10 is reduced to Rs 2, then the share has to be divided into 5 parts. Along with the split, the market price of the share on the record date will also be adjusted in 5 parts.
Share splits are mainly done for the purpose of increasing liquidity and volume. The purpose of share split is to make more and more retail investors a shareholder.