Multi Commodity Exchange of India (MCX) has announced a sub-division of its equity shares. Each share with a face value of ₹10 will be sub-divided into five shares with a face value of ₹2 each. The record date for determining eligible shareholders is set for January 02, 2026. This corporate action is aimed at enhancing liquidity and accessibility for investors.
Equity Share Sub-Division
The Multi Commodity Exchange of India (MCX) has approved the sub-division of the company’s equity shares. The decision involves splitting each existing equity share of face value ₹10 into five equity shares, each with a face value of ₹2.
Record Date
The company has set Friday, January 02, 2026, as the ‘Record Date’ to identify the shareholders who will be eligible for the sub-division of equity shares. This date is crucial for determining which investors will receive the benefit of the corporate action.
Purpose of the Sub-Division
The purpose of this sub-division is to increase the liquidity of MCX’s shares and make them more accessible to a broader range of investors. By reducing the nominal value per share, the company aims to attract more retail participation and improve overall market efficiency.
Source: BSE