New Delhi, April 14 -- Shares of Kapil Raj Finance, a small-cap non-banking finance company (NBFC), will trade ex-split in the ratio of 10:1 on the Indian stock market in Tuesday's trading session, April 15.

Investors should have bought shares of Kapil Raj Finance on Friday, April 11, to receive the benefits of the stock split. If they purchase the small-cap stock tomorrow, April 15, their names will not appear on the record list at the end of the day, as the Indian stock market follows the T+1 settlement system.

Kapil Raj Finance, in an exchange filing on February 28, announced that its board has approved a stock split in the ratio of 10:1, meaning that one share of the company will be split into 10 shares.

A stock split is when a com...