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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
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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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