IKF Tech plans stock-split, GDR issue

IKF Technologies board, at its meeting held on April 18, 2005, has approved the company's stock split from Rs 10 per share to Re 1/share.

According to a release issued by IKF Technologies to the BSE, the company is planning a Rs 50 crore Global Depository receipts (GDR) float to be listed on Luxembourg Stock Exchange.

The company is holding an extra-ordinary general meeting on May 30, 2005, the release said.