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Alkyl Amines Chemicals advances 7% on stock split, expansion plan

The company plans to go for a stock split to make shares more affordable for small retail investors and increase liquidity

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In September 2014, the company had subdivided the face value of its equity shares from Rs 10 paid-up to Rs 5 paid-up

SI Reporter Mumbai
Shares of Alkyl Amines Chemicals moved higher by 7 per cent to Rs 4,141 on the BSE in intra-day trade on Monday after the company announced stock split and expansion plans. The stock of the specialty chemical firm was trading close to its record high of Rs 4,162 touched on December 2, 2020.

"The board of directors of the company are scheduled to meet on February 2 to consider the proposal of sub-division of equity shares of the company from the face value of Rs 5 to a lower denomination. The board will also consider the proposal for setting up