Varun Beverages announced stock split from face value 5 to 2 and record date is tomorrow i.e. 12/9/24. As per my understanding, for every 1 share 2.5 shares will be issued. So, If one holds even number of shares no problem. But if I hold odd number - say 101 share - what happens. I am eligible to get 252.5 shares but company cannot issue 252.5 shares. So anyone holding odd number of shares will he lose value of 0.5 shares?
Disc. I held odd number and today I bought 1 share to make it even because of fear of losing value of 1/2 share
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