Kansai Nerolac turns ex-split on Wednesday

Kansai Nerolac Paints has fixed Friday as the record date for the proposed stock split. The paint major will split the face value of its shares from ₹10 to ₹1. The stock, which closed at around ₹2,170 on Wednesday, will start trading in the ₹210-225 range post-stock split. About 11,700 small shareholders own 8.17 per cent stake in the company. However, those buying the shares on Thursday will not receive the stock split shares.