Jupiter Life Line Hospitals Stock Split Causes 80% Fall

Jupiter Life Line Hospitals Ltd, a hospital company, recently announced a stock split in a 1:5 ratio.

This means that each existing share with a face value of Rs 10 will be split into five shares with a face value of Rs 2 each.

As a result, the stock price dropped by nearly 80% from its previous close of Rs 1,576.30 to Rs 315.25.

The company aims to increase liquidity and affordability for retail investors through this corporate action.

The stock split does not dilute equity but adjusts the price and number of shares.

The company was listed on Dalal Street in September 2023 and has seen significant growth since its IPO.