Nuvama Wealth Board Approves 1:5 Share Split, Declares Rs 70 Dividend
Nuvama Wealth Management Ltd.’s board of directors has approved a share split in the ratio of 1:5, as per an exchange filing on Tuesday. This move is expected to increase the liquidity of the stock and make it more attractive to investors.
In accordance with this, an equity share with the face value of Rs 10, each fully paid-up, will be subdivided into five shares with a face value of Rs 2 each. This means that while the value of stocks that a shareholder has does not change, the number of shares they hold will increase.
What is a Stock Split?
A stock split is a corporate action where a company increases the number of outstanding shares by reducing the face value per share. This typically enhances liquidity as the stock price adjusts accordingly. To learn more about stock splits and how they work, visit our stock split page.
Record Date and Dividend Details
The record date for the share split is yet to be ascertained. However, the company has announced an interim dividend of Rs 70 per share, with a record date set as November 11, 2025. The interim dividend will be paid on or before December 3, 2025, subject to applicable taxes, as per the filing.
To be eligible for the interim dividend and stock split, investors must hold shares as of the record date announced by the company. With India following the T+1 settlement cycle, investors need to purchase the stock at least one trading day before the record date to be eligible. For more information on the T+1 settlement cycle, check out our T+1 settlement cycle page.
Investment in Nuvama Wealth Finance
The company has decided to invest Rs 200 crore in its arm, Nuvama Wealth Finance, via a rights issue. This investment is expected to boost the company’s growth and expansion plans.
Financial Performance
Total Income rose 1.2% to Rs 1,138 crore versus Rs 1,125 crore. Net Profit fell 3.7% to Rs 254 crore versus Rs 264 crore. The shares settled 0.21% higher at Rs 7,148 apiece on the NSE on Tuesday, compared to a 0.64% decline in the benchmark Nifty.
The stock has risen 3.23% year-to-date and 0.55% in the last 12 months. For more information on the Nifty and other Indian stock market indices, visit our Nifty today page.
Conclusion
In conclusion, the share split and dividend announcement by Nuvama Wealth Management Ltd. is a positive development for investors. The increased liquidity and attractiveness of the stock are expected to boost investor sentiment and drive growth. However, it’s essential for investors to stay informed and up-to-date with the latest developments and news from the Indian stock market. To stay ahead of the curve, check out our Indian stock market news page.