Now Reading: BSE issues new ISIN for Kirloskar Pneumatic and Waterways stock splits
-
01
BSE issues new ISIN for Kirloskar Pneumatic and Waterways stock splits
BSE issues new ISIN for Kirloskar Pneumatic and Waterways stock splits
The BSE has issued new ISIN numbers for Kirloskar Pneumatic Company Ltd (scrip code 505283) and Waterways Leisure Tourism Ltd (scrip code 544802) following stock splits approved by their boards and shareholders.
For Kirloskar Pneumatic Company Ltd, the face value was reduced from Rs 10 to Rs 2 per share, resulting in the new ISIN INE780C01012. The stock split ratio was not disclosed in the notice. Waterways Leisure Tourism Ltd reduced its face value from Rs 10 to Re 1 per share, with the new ISIN becoming INE0BJJ01012. Both changes are effective for trading and settlement from September 24, 2024.
The adjustments aim to improve liquidity and make shares more affordable for retail investors. The new ISINs will be used for all transactions effective the specified date.
Indian Opinion Analysis
The BSE has issued new ISIN numbers for Kirloskar Pneumatic Company Ltd and Waterways Leisure Tourism Ltd following stock splits. Kirloskar Pneumatic Company Ltd (scrip code 505283) underwent a split, with the ISIN changing to INE780C01012 and the face value reducing to Rs 2 from Rs 10. Waterways Leisure Tourism Ltd (scrip code 544802) moved to ISIN INE0BJJ01012 after adjusting to a face value of Rs 1 from Rs 10. These updates are effective for trading and settlement from September 24. The splits lower share price, improving liquidity and accessibility for retail investors.
Coverage: 2 sources, 2 neutral
Sources (2): bseindia.com (neutral report), bseindia.com (2) (neutral report)
This story was synthesised by AI from the 2 sources linked above. Methodology and corrections.
Updated: this story now draws on 2 sources.
