The board at its meeting held on April 16, 2015 has approved sub-division of equity shares of face value Rs 10/- each into five shares of face value of Rs 2/- each, the company said in a release after market hours on Thursday.
Stock split or sub-division of equity shares is done to infuse liquidity and to make shares affordable for retail investors who could not invest earlier because of the high stock price.
The stock opened at Rs 444 and touched a high of Rs 470. At 11:10AM, 6,636 shares were traded on the Bombay Stock Exchange.
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