Sarda Energy hits new high, gains 4% on fixing record date for stock split

Shares of Sarda Energy & Minerals hit a new high of Rs 1,664.20, gaining 4 per cent on the BSE in Tuesday’s intra-day trade, after the company fixed August 4, 2023 as the record date for 1:10 stock split.

“Friday, August 4, 2023, has been fixed as the “Record Date” for the purpose of sub-division / split of existing equity shares of the Company from one equity share, having face value of Rs 10 each fully paid-up, into 10 equity shares having face value of Re 1 each fully paid-up,” Sarda Energy said in an exchange filing.