By Admin 
Mrs. Bectors Food Specialties Ltd: Shares of biscuit and bread manufacturing company Mrs. Bector Foods Specialties Ltd fell on Friday, December 12, where the share had closed at the level of Rs 1312 a day earlier on Thursday.
Whereas on Friday it opened on BSE at the level of Rs 261.05. The reason for this decline in the company’s shares is stock split. That means the price of shares has not decreased, rather it is the adjusted price of shares after the stock split.
Record date for stock split
The company had already said that it will divide the shares with face value of Rs 10 into 5 parts. With this, its face value will also reduce to Rs 2. Overall the company will divide its 1 share into 5 parts.
Companies usually do stock splits to increase the number of shares so that it can be made more affordable and small investors can also place bets on it. In a stock split, the company tries to increase liquidity by making shares cheaper. Today was the day fixed for the stock split. This means that only those shareholders who have shares of the company in their demat accounts till the market close on Thursday will be eligible for the stock split.
This company was formed in 1978
Mrs. Bectors Food is a company in the packaged food industry of India, which sells its products under the brand name Cremica. Apart from this, bread of this company is also sold in the market under the brand name English Oven. Established in 1978, this company is today a well-known name in the FMCG sector. A major part of the company’s revenue, about 76 percent, is generated from the northern and north-western regions of the country.
Apart from this, the company also supplies to Quick Service Restaurants (QSR) across the world on a large scale. It is one of the top biscuit manufacturing companies in many states like Punjab-Haryana to Delhi NCR. Since getting listed on the stock exchanges in the year 2020, the company is continuously trying to expand its scope, increase its reach in the market on a large scale and create a strong base of investors.
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