Bank of Baroda, Corporation Bank turn ex-stock split today

At 1010 hours, Bank of Baroda was down 1% at Rs 223, while Corporation Bank dipped 3% to Rs 75 on BSE.

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Shares of the two state-owned banks Bank of Baroda and Corporation Bank were turned ex-stock split today. Both these banks had subdivided the face value of their equity shares to Rs 2 from Rs 10.

Bank of Baroda and Corporation Bank has fixed January 23, 2015 as Record Date for determining the shareholders of the banks, who are entitled to receive the equity shares of the banks upon the sub division/ reduction in the face value of one existing equity share of Rs 10 each fully paid up into five equity shares of Rs 2 each fully paid up.

At 1010 hours, Bank of Baroda was down 1.2% at Rs 223, after hitting low of Rs 221 on BSE. Shares of Corporation have dipped 3.3% to Rs 75 on BSE. It hit high of Rs 78.90 and low of Rs 73.70 so far.