20 Microns gains on stock split plans

The board will consider stock split proposal in its meeting on November 1.

20 Microns has moved higher by 6% to Rs 118 after the company announced the sub-division of the equity shares of the company.

“The board of directors of the company will meet on November 1, to approve stock split of the equity shares of the company,” 20 Microns said in a filing.

The board will also consider the allotment of equity shares upon conversion of the fully convertible warrants to the promoters and persons other than promoters and the un-audited financial results of the company for the quarter/half year ended on September 30, 2012, it added.

The stock opened at Rs 111 and hit 52-week high of Rs 119 on the BSE. A combined 222,478 shares have changed hands on the counter so far on both the exchanges.