CAMS announces five-for-one stock split to boost liquidity

The Board of Directors of Computer Age Management Services (CAMS) approved a five-for-one stock split. This move will subdivide each existing equity share with a face value of 10 rupees into five equity shares, each with a face value of 2 rupees.

Subject to shareholder approval via postal ballot, the split aims to enhance the liquidity of CAMS equity shares, improve affordability and accessibility for retail investors, and broaden the shareholder base.

The company plans to complete the subdivision and alteration of its Capital Clause in the Memorandum of Association within two months of receiving shareholder and regulatory approvals. The record date for the stock split will be determined and announced following these approvals.

Pre-split, CAMS had 49,530,127 fully paid-up shares, each with a face value of 10 rupees. Post-split, these will convert into 247,650,635 shares, each with a face value of 2 rupees, maintaining the total paid-up capital.