Corporation Bank gains on record date for stock split

The bank has fixed January 23, 2015 as the record date for stock split of equity shares

Shares of Corporation Bank were up over 4% at Rs 330 after the state-owned bank announced record date for stock split of shares.

The record date for stock split of the bank's equity shares of face value Rs 10/each into five shares of Rs 2/each is fixed for January 23, 2014, the company said in a release late Wednesday.

The stock opened at Rs 322 and touched a high of Rs 331. At 11:45AM, over 149,000 shares were traded on both the stock exchanges.