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The Jubilant Bhartia Group demerged its pharma and life sciences business, Jubilant Life Sciences Limited, to a new company called Jubilant Ingrevia Limited on 1 February 2021. The name Ingrevia is a portmanteau of the words "ingredients" and "life" (vie in French). [14] Jubilant Ingrevia was listed on the Bombay Stock Exchange on 19 March 2021 ...
Jubilant Golden Harvest Ltd., a wholly-owned subsidiary of Jubilant FoodWorks, operates Domino's Pizza outlets in Bangladesh. Jubilant Golden Harvest Ltd. was established in early 2019 with Jubilant holding a 51% stake, and Bangladeshi company Golden Harvest Group holding the remaining 49%. [ 41 ]
Forward splits increase the number of shares in circulation but reduce the per-share price by a corresponding amount; a 2-1 split, for example, doubles the number of shares and halves the stock price.
In Bangladesh, the franchises for Domino's Pizza are co-owned by Jubilant FoodWorks and Golden Harvest Limited, forming 'Domino's Pizza Bangladesh Limited'. In this entity, Jubilant FoodWorks is the majority shareholder and owns 51% of the company, while the rest of the share is owned by Golden Harvest Limited. [82]
The company has split its stock twice in the last five years: a 4-for-1 split in 2021 followed by a 10-for-1 split in June of this year, bringing its share price to a more affordable $118.
If a company's stock is trading at $400 and it executes a 4-for-1 stock split, each shareholder will receive four new shares (each worth $100) in exchange for one old share.
The main effect of stock splits is an increase in the liquidity of a stock: [3] there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume.
By the mid-2000s, roughly 5% of the Russell 1000 members split their stock each year, and after the great financial crisis from 2008-2009, stock splits practically ceased.