Punjab Woolcombers Limited, a textiles firm in an annoucement made to the BSE has informed that the Board members of the company at their meeting held on 5th November 2007, has approved the Stock Split.
The Board of Directors approved that the equity share of Rs 10/- each be split up into 10 equity shares of Re 1/- each and the board also approved raising Rs 200 crore through an equity issue or issue of convertible bonds or depositary receipts to fund its proposed industrial park in Punjab.
Punjab Woolcombers Stock Split Record date is not yet announced by the company. Share prices of Punjab Woolcomber Limited closed at Rs. 19.05 up 4.96% on the BSE.
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