107% rally, Mukul Agrawal's vote: Last chance for you
Taal Tech, an engineering services company backed by investor Mukul Agrawal, is set to execute a 1:5 stock split on September 22. This date is crucial for investors as it marks the final opportunity to purchase shares and be eligible for the corporate action. As per Sebi's T+1 settlement norms, shares must be bought one trading day before the record date.
The stock split will increase the number of outstanding shares while maintaining the company's overall market capitalization. After the split, investors will have five times the number of shares, but at a lower price. Mukul Agrawal holds a 9% stake in Taal Tech, valuing over Rs 151 crore as of the April-June quarter of FY27. The company's shares have surged by 107% this year, reaching Rs 5,416.30 on Friday.
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