Sera Investments and Finance shares will trade ex-split on 28 April, with a proposal approved for the splitting of shares in a 1:5 ratio. The record date for the split is set for 28 April with Sera intending to complete the stock split within two months from the board’s approval date. The company approved alterations for a capital clause of the Memorandum of Association and the creation of a new subsidiary – Sera Invest Advisory. Shares were trading 2.26% higher at INR431.80 ($5.77) on Thursday in the previous year, returning 510% to investors.
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