Asian Paints gains on stock split plan
The board of directors of the company will meet on May 9, to consider and approve sub-division of the equity shares.
Asian Paints is trading higher by 2% at Rs 4,750 on BSE after the company announced the sub-division of the equity shares of the company.
“The board of directors of the company will meet on May 9, to consider and approve sub-division of the equity shares of the face value of Rs 10 each into such denomination as the Board may deem appropriate,” Asian Paints said in a regulatory filing.
The board will also consider and approve the audited financial results of the company and recommend payment of final dividend, if any, for the financial year ended March 31, 2013.
The stock opened at Rs 4,714 and has seen a combined around 1,000 shares changing hands on the counter in opening deals on NSE and BSE.
“The board of directors of the company will meet on May 9, to consider and approve sub-division of the equity shares of the face value of Rs 10 each into such denomination as the Board may deem appropriate,” Asian Paints said in a regulatory filing.
The board will also consider and approve the audited financial results of the company and recommend payment of final dividend, if any, for the financial year ended March 31, 2013.
The stock opened at Rs 4,714 and has seen a combined around 1,000 shares changing hands on the counter in opening deals on NSE and BSE.