Man Infraconstruction has surged 7% to Rs 154 on NSE after the company said its board has approved stock split in the ratio of 5:1.
The board of directors of the company at their meeting held on June 25, 2014 has approved sub-division of 1 equity share of face value of Rs 10 each into 5 equity shares of face value of Rs 2 each, Man Infra said in a regulatory filing.
The board also declared an Interim dividend of Rs 1.35 per share i.e. 13.5% on face of Rs 10 each, for the financial year 2014-15.
The company has fixed July 07, 2014 as the record date for the purpose of determining the entitlement of shareholders for interim dividend and the said dividend shall be paid on July 14, 2014.
The stock opened at Rs 150 and touched a 52-week high of Rs 160 on the NSE. A combined 361,000 share changed hands on the counter till noon deals on NSE and BSE.
The board of directors of the company at their meeting held on June 25, 2014 has approved sub-division of 1 equity share of face value of Rs 10 each into 5 equity shares of face value of Rs 2 each, Man Infra said in a regulatory filing.
The board also declared an Interim dividend of Rs 1.35 per share i.e. 13.5% on face of Rs 10 each, for the financial year 2014-15.
The company has fixed July 07, 2014 as the record date for the purpose of determining the entitlement of shareholders for interim dividend and the said dividend shall be paid on July 14, 2014.
The stock opened at Rs 150 and touched a 52-week high of Rs 160 on the NSE. A combined 361,000 share changed hands on the counter till noon deals on NSE and BSE.
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