Silver Touch Technologies announces 1:5 stock split and 1:1 bonus issue
Silver Touch Technologies Corporate Action
Silver Touch Technologies has officially announced a dual capital restructuring strategy involving a **1:5 stock split** and a **1:1 bonus issue**. These measures are currently pending formal approval from company shareholders.
The **1:5 stock split** will subdivide each existing equity share into five shares, effectively reducing the nominal value per unit. This transition is designed to lower the entry price for retail investors and enhance overall market liquidity.
Simultaneously, the board has proposed a **1:1 bonus issue**. Under this arrangement, eligible shareholders will receive **one additional free share** for every single share held as of the designated record date.
These corporate actions follow a period of significant price appreciation in the company's stock. While the total number of outstanding shares will increase, the proportionate ownership and aggregate value for existing shareholders remain unchanged.