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Gayatri Projects extends gain on stock split plan

The stock was up 5% to Rs 657 in intra-day, extending Monday's nearly 5% gain on the BSE

SI Reporter  |  Mumbai 

Gayatri Projects was up 5% to Rs 657 in intra-day, extending Monday’s nearly 5% gain on the BSE, after the company said the board will meet on December 26, to consider the stock split. “The meeting of the board of directors of the company is scheduled to be held on December 26, 2016, to consider and approve the sub-division of the nominal value of the equity shares of Rs 10 per share to Rs 2 per share,” Gayatri Projects, the company engaged in construction & engineering business said in a BSE filing. A stock split is a decision by a company’s board to ...

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