HDFC Bank is trading higher by 1% at Rs 2,557 after the company fixed July 16 as the record date for stock split.
“The board of directors has fixed July 16, 2011, as the record date for the purpose of ascertaining the eligible shareholders who would be entitled to receive 5 equity shares of nominal value of Rs 2 each in lieu of 1 equity share of nominal value of Rs 10 each of the bank on sub-division,” the second largest private sector bank said in a filing to the stock exchanges.
The stock opened at Rs 2,546 and hit a lifetime high of Rs 2,558 on the NSE. Around 89,686 shares have changed hands on the counter in morning deals.
