DSCL board approves 1:1 bonus, 1:5 split

The board of directors of DCM Shriram Consolidated (DSCL), which met today, approved a proposal to issue bonus shares in the ratio of 1:1 i.e one bonus share for every share held.

According to a release issued by the company to the BSE today, the meeting also approved a proposal to sub-divide equity shares of Rs 10 each into five shares of Rs 2 each.