Mumbai, Oct. 11 -- Each share of face value Rs 10 will be divided into five shares of Rs 2 each. The move is subject to shareholder approval through a postal ballot.

The company said the split will improve liquidity and make the stock more affordable for retail investors. It expects higher participation and a broader shareholder base after the split.

The authorised share capital will stay at Rs 51.25 crore. The number of shares will rise from 5.12 crore to 25.62 crore. The paid-up capital will remain unchanged at Rs 49.53 crore.

CAMS will announce the record date once shareholders approve the proposal. The process should be completed within two months.

CAMS is a financial infrastructure and service partner to the asset management indu...