Shriram Finance’s stock price fell by 6% on January 10, 2025, as it began trading ex-stock split. This decline followed the company’s announcement that it had set this date as the record date for its stock split.
On the Bombay Stock Exchange (BSE), the share price reached an intraday low of ₹528.7, while on the National Stock Exchange (NSE), it dipped to ₹529. In comparison, both the Sensex and Nifty indices had also fallen by 0.4% by mid-morning trading.
The stock split took effect today, reducing the face value of each Shriram Finance share from ₹10 to ₹2. Prior to the split, the shares were trading at ₹2,828.95 on the NSE and ₹2,828 on the BSE. Following the split, the stock opened at ₹566 on the NSE and ₹562.5 on the BSE.
The company had announced the stock split in a filing dated December 23, 2024, confirming January 10 as the record date for determining shareholder entitlement. As a result of the split, each share was subdivided into five new shares with a face value of ₹2.
This corporate move aims to make the shares more affordable to retail investors, as splitting the stock decreases its nominal value per share, thereby potentially increasing its liquidity.
Following the split, the new shares will be credited to the Demat accounts of eligible shareholders. A new International Securities Identification Number (ISIN)—INE721A01047—has been assigned to the revised shares, effective from today, as confirmed by the National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL).
Over the last year, Shriram Finance’s stock has delivered impressive returns, with a 109% surge in value, significantly outperforming the broader market, which saw an 8% increase during the same period.
Shriram Finance, the flagship company of the Shriram Group, operates in a variety of financial sectors, offering loans for commercial and passenger vehicles, construction and farm equipment, MSMEs, two-wheelers, gold, and personal financing.
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