Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.
As per the recent BSE circular, 1 equity share of Persistent Systems Ltd. (Scrip Code: 533179) will be divided into 2 equity shares. The key dates for the split are as follows:
| Company Name | Record date | Ex-Split basis from Date |
| Persistent Systems Ltd. | 01-Apr | 28-Mar |
Pursuant to the split of equity shares, the market lot size for F&O contracts will be revised as follows:
| Scrip Name | Current Market Lot size for F&O contracts | Revised Market lot size for F&O contracts |
| Persistent Systems Ltd. | 100 | 200 |
Refer: BSE circular | NSE Circular
