"A meeting of the board of directors of Yes Bank will be held on July 26, 2017 to consider sub-division of equity shares of the bank of the face value of Rs 10 each," the bank said in a regulatory filing.
However, the bank did not provide any further details on the ratio in which the shares will be divided.
Companies generally go for a stock division to improve liquidity of its shares in the stock market and to make them affordable to the small investors.
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