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 a recent NSE circular, 1 share of the ETFs of ICICI Prudential Mutual Fund will be sub-divided into 10 shares. The key dates for the same are as follows:
| Name of Fund | Symbol | Sub-division Ratio | Record Date |
| ICICI Prudential Nifty Bank ETF - Nifty Bank Index | ICICIBANKN | 1:10 | 01-Sep |
| ICICI Prudential Mutual Fund - ICICI Prudential Nifty IT ETF | ICICITECH | 1:10 | 01-Sep |
Refer: NSE circular
