Description
NSE announces face value split of DEVIT shares from Rs. 5 to Rs. 2 effective August 21, 2025
Summary
NSE has announced a face value split for Dev Information Technology Limited (DEVIT) shares. The face value and paid-up value will be reduced from Rs. 5 to Rs. 2 per share, effective August 21, 2025.
Key Points
- Company: Dev Information Technology Limited (Symbol: DEVIT)
- Current face value: Rs. 5 per share
- New face value: Rs. 2 per share
- Effective date: August 21, 2025
- This is a face value split corporate action
Regulatory Changes
No regulatory framework changes. This is a standard corporate action involving face value split as per existing regulations.
Compliance Requirements
- All members must note the change in face value effective from the specified date
- Trading systems and records must be updated to reflect the new face value
- Settlement and clearing processes must account for the split
Important Dates
- August 21, 2025: Effective date for face value split from Rs. 5 to Rs. 2
Impact Assessment
The face value split will increase the number of shares outstanding while proportionally reducing the face value. This typically makes shares more accessible to retail investors due to lower absolute price per share, though the total investment value remains unchanged for existing shareholders.
Impact Justification
Standard corporate action affecting share structure but limited to single company