MCX Sets Jan 2 Record Date for 1:5 Stock Split: What Shareholders Need to Know

• Multi Commodity Exchange of India (MCX) announced its first-ever 1:5 stock split.
• January 2 has been fixed as the record date to determine eligible shareholders for the split.
• Each share with a face value of Rs 10 will be divided into 5 equity shares of Rs 2 each.
• The stock split increases share liquidity and makes them more affordable for investors.
• While the number of shares increases, the total value of a shareholder's holding remains unchanged.

Why It Matters: MCX's 1:5 stock split on Jan 2 increases share liquidity and affordability without changing total holding value.