Blue Star board nod for 1:5 stock split

The board of directors of Blue Star, which met today, approved a proposal to split shares in the ratio of 1:5 i.e one share of Rs 10 each would be split into five shares of Rs 2 each.

According to a release issued by the company to the BSE today, the board also cleared a dividend of 120% i.e Rs 12 per share of Rs 10 each.