Peninsula Land stock split approved and Record date fixed as Oct 23

The board members of Peninsula Land, at its Annual General Meeting  held on Sep. 21, 2007, approved the sub-division of equity shares of the company from Rs 10 each, to Rs 2 each.  

Members of the company have also fixed Oct. 23, 2007 as the record date for the purpose of split of Peninsula Land equity shares from Rs 10 each to Rs 2 each.    

The paid-up equity share capital of the company comprising of 47,090,244 equity shares of Rs 10 each will be divided into 235,451,220 equity shares of Rs 2 each.

Shares of the company gained Rs 0.75, and were last trading at Rs 597 on BSE at 11 a.m today.