One of the companies in the paint industry is planning a corporate action that involves splitting its shares into ten parts. This was announced in August. The company will transform one share with a nominal value of 10 rupees into ten shares with a nominal value of 1 rupee. The record date for this event has been set for October 22, 2026.
As part of the share split, existing company stakes are divided into smaller pieces. This leads to an increase in the number of shares held by investors, although the cost of a single share decreases proportionally. Meanwhile, the total investment value of the investors remains unchanged.
The main goal of conducting such a split is to make the shares more accessible. Shares with a very high price may be unaffordable for small investors. After the split, the shares become cheaper, which potentially helps attract a larger number of new market participants.
The company conducting the share split is called JSW Dulux. The value of its shares is 3,011.10 rupees. If the share price remains at this level until October 22, the cost of one share after the split will be 300 rupees, as one share will turn into ten parts.
In December 2025, JSW acquired a stake in Akzo Nobel Coatings International B.V., becoming the new parent and holding company. Currently, JSW Paints owns 61.20 percent of JSW Dulux shares.