Falcon Tyres fixes record date for stock split

Falcon Tyres today announced that it has fixed September 29 as the record date for the purpose of determining the members eligible for the stock split and bonus shares.

The company will split a share of Rs 10 each into shares of Rs 5 each and issue of bonus shares of 2 shares for every 1 share held after the split of shares.

The company's stock was trading at Rs 981.60, nearly 5 per cent higher than Thursday's close.