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APL Apollo Tubes trades ex-date for 1:5 stock split, hits new high

In the past six months, the stock has rallied 150 per cent, as compared to a 38 per cent rise in the S&P BSE Sensex during the same period

Colour coated pipes at APL Apollo's Murbad facility

The board of directors of the company at their meeting held on October 28, 2020, had approved the sub-division of equity shares to facilitate larger shareholder base, increase liquidity and make the shares more affordable to investors.

SI Reporter Mumbai
Shares of APL Apollo Tubes rallied 5 per cent on Tuesday to hit a fresh record high of Rs 798 on the BSE in an otherwise weak market as the stock today turned ex-date for 1:5 stock split.

The company has fixed Wednesday, i.e. December 16, 2020 as the record date to ascertain the names of shareholders entitled for sub-division of each of the equity share of the company having a face value of Rs 10 each sub-divided into 5 equity shares having a face value of Rs 2 each.

The board of directors of the company, at their meeting

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First Published: Dec 15 2020 | 11:16 AM IST

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