Entries Tagged 'Stock Split' ↓

GMR Infrastructure Limited have informed the exchanges that in the Annual General Meeting of the Company held on 30th August, 2007, the members have approved the increase of authorised share capital of the Company from Rs.400 Crores to Rs.750 Crores and the sub-division of each and every one of the existing equity shares of Rs.10/- each into 5 equity shares of Rs.2/- each.

Further the record date for the GMR Infrastructure stock split has been fixed as 8th October 2007 for split of each equity share of Rs.10/- each in to 5 equity shares of Rs.2 each.

ICSA (India) Limited has informed the stock exchanges that the board of directors have approved the stock split of face value of the company’s shares in the ratio of 5 : 1 that is 1 share of face value Rs. 10 each will be split into 5 shares of face value Rs. 2 each. The record date has not been announced yet.

Kriti Industries (India) Limited has informed the stock exchanges that the board of Kriti Industries will meet on 29 August 2007 to consider splitting the face value (stock split) of the company’s shares. More details about Kriti Industries stock split, including the ratio and record date of the stock split, will be announced after the board meeting.

The shares of Kriti Industries hit the upper circuit as soon as news about the Stock Split broke out.

The board of directors of Birla Kennametal at the meeting held on August 22,2007  have approved to spilt the equity shares of the company in ratio of 1:5 i.e one equity shares of Rs 10 each would be split into five equity shares of Rs 2 each, subject to approval of the shareholders of the company.

Amara Raja Batteries fixed Sep. 26, 2007 as the record date for the purpose of stock split,the stock will be split in the 1:5 ratio, i.e. one share of Rs 10 each will get divided into 5 shares of Rs 2 each.

Shares of the company closed down Rs 0.85, or 0.15%, at Rs 583.65. The total volume of shares traded at the BSE was 13,604. (Tuesday)

The board of directors of Cinevistaas, at its meeting held on Aug. 20, 2007, recommended sub-division of shares from Rs 10 to Rs 2 a share, subject to shareholders approval at the ensuing AGM.

The board also recommended increase in authorized capital from Rs 120 million to Rs 200 million, subject to shareholders approval.

Glenmark Pharma fixes Book Closure Date for stock split/AGM 

Glenmark Pharmaceuticals Ltd has informed the BSE that the Register of Members & Share Transfer Books of the company will remain closed from September 17, 2007 to September 20, 2007 (both days inclusive) for annual closure for the annual general meeting (AGM) and for the purpose of determining the members who would be entitled to receive sub-divided shares of Re 1 each.