News for Maximus International Limited (MAXIMUS.BO)

Maximus Int'l Ltd's shares rose 3.15% after they and subsidiary Quantum Lubricants EA Ltd began expansion in Africa. J Shrinika Ltd, based in Kenya, was appointed exclusive distributor for lubricants and allied products in Uganda, Tanzania, and Rwanda.

NOTICES Notice No. 20220929-22 Notice Date ... | September 29, 2022

NOTICES Notice No. 20220926-21 Notice Date ... | September 26, 2022

Three companies have announced stock splits recently. These companies are Arfin India Ltd, Maximus International, and Saksoft Ltd. When a company announces stock split, it leads to increased number of shares of that company with the market cap remaining same. The current shares split with the underlying value remaining similar. When the number of shares rise, the price per share declines.

Stock split is a division of the companys outstanding shares and as a result the number of outstanding shares of the concern increase. Consequently, while the market value of the total outstanding shares of a company remains the same, the market value/ share price of a single share is reduced in proportion to the number of shares extracted out of a single share.

Maximus International Limited (MIL) is a subsidiary of Optimus Finance Limited (BSE Listed), a Vadodara based non-banking finance company registered by the Reserve Bank of India. MIL was incorporated under the Companies Act, 2013. The company has a market capitalization of Rs 286 crore. The board of directors of the company has announced that they will meet on August 18 to consider stock split.

The company Maximus expects 20 pc CAGR in topline in 2-3 years