Mercury Trade Links Ltd. has said that its Board of Directors will convene to discuss a possible division of its equity shares. This is to increase liquidity and make the stock more available to a wider investor base. The company has been busy with corporate actions in recent times, including an oversubscribed rights issue in 2024 by 1.59 times.
Mercury Trade Links has experienced dramatic swings in its share price, ranging from a 52-week high of ₹105.04 to a low of ₹18.104. The market capitalization of the company is ₹29.92 crore as of March 6, 2025. This share split proposal might lead to more trading activity and bring more investors to the stock.
Source: Moneycontrol and Motilal Oswal reports