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KPR Mill trades ex-stock split

The stock was trading higher by 7% to Rs 600 on the BSE after the stock turned ex-stock split to Rs 5 from Rs 10.

SI Reporter  |  Mumbai 

KPR Mill was trading higher by 7% to Rs 600 on the BSE after the stock turned ex-stock split to Rs 5 from Rs 10. The board of directors of textile Company on October 5 had approved the sub division of one equity share of Rs 10 each in the company into two equity shares of Rs 5 each. The company has fixed November 30, 2016 as the record date for determining the members of the company who are entitled for the subdivided equity shares. A stock split is usually done by companies that have seen their share price increase to levels that are either too high or are beyond the ...

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