Eraaya Lifespaces announces 1:10 stock split as shares surge over 27,600% in five years

Eraaya Lifespaces, a small-cap stock, has announced a 1:10 stock split, with a record date set for December 6, 2024. This decision follows a significant rise in its share price, which has increased over 1,700% in 2024. The stock closed at ₹2,101.10 on Friday, marking a 2.5% intraday gain. Over the past five years, Eraaya Lifespaces has delivered an impressive return of more than 27,600% to its investors. The company’s board approved the stock split on October 19, 2024, aiming to make shares more accessible. The split will convert each ₹10 share into ten shares worth ₹1 each.