VMPL Mumbai (Maharashtra) [India], October 8: New Light Apparels Ltd. has announced a 10:1 stock split, effective from October 10, 2024, marking a significant moment for both current shareholders and potential investors. This strategic move will reduce the face value of each share from Rs 10 to Rs 1, making it more affordable for a broader range of investors, especially retail investors who often find high-priced stocks prohibitive.
With the current share price at Rs 75.6, this split is set to make the stock more accessible, opening up new investment opportunities and increasing liquidity. Also Read | Can You Eat Flowers? Are They Nutritious? From Hibiscus to Chamomile, 5 Edible Flowers and Their Health Benefits.
This announcement couldn't have come at a better time for New Light Apparels, a company that has been riding a wave of innovation and strong financial performance. Known for its cutting-edge Lab-Grown Cotton technology, the company has successfully positioned itself at the forefront of sustainable textile production. The cost advantages alone make New Light Apparels a standout player in the apparel industry, as it can produce cotton at a fraction of the cost of traditional methods.
A Game-Changing Innovation: Lab-Grown Cotton Technology Also Read | Jammu and Kashmir Assembly Election Result 2024: Abdullah’s NC Consolidates Position in J&K, Despite BJP's Dynasty Onslaught. The heart of New Light Apparels' competitive edge lies in its proprietary Lab-Grown Cotton tec.