Minolta Finance stock split 2026

The number of shares you receive will depend on Minolta Finance’s announced split ratio of 10:1. In a stock split, your existing shares are divided into smaller units based on the reduced face value of 1 while maintaining the same total investment value. For example, in a 2-for-1 split, you will receive two shares for every one share you own. The total value of your holdings remains the same, but the share price adjusts according to the split ratio.

The split shares will be automatically credited to your Choice Demat account. No action is needed from your side. The process follows by Minolta Finance announcing the stock split on 06-Feb-2025. Any existing shares will be split according to the announced split ratio of 10:1. After new shares are credited to your demat account, trading in split shares will start on the ex-split date. If you hold physical share certificates, Minolta Finance may issue updated ones.

Registered shareholders who own the stock on or before the record date set by Minolta Finance are eligible. Your shares should be in dematerialised form and must be fully paid up. It’s important that you should have purchased shares before the ex-split date 06-Feb-2025. If you buy shares after this date, you may not receive the split shares.

After a stock split, the new shares of Minolta Finance can take up to two working days from the record date to be credited to your demat account. These shares will not be visible in your account during this time. You can track the status through your Choice demat account or Minolta Finance's corporate announcements.

Minolta Finance’s stock split is not a taxable event, as it doesn’t change your total investment value. However, your cost per share is adjusted, which may impact capital gains tax when selling. Capital gains tax on stocks is structured as follows: Short-term Capital Gains (STCG): If shares are sold within one year, the STCG tax rate is 20%, excluding applicable surcharge and cess. Long-term Capital Gains (LTCG): If shares are sold after one year, the LTCG tax rate is 12.5% on earnings exceeding ₹1.25 lakh. For more clarity consult a tax professional for details.