CCL Products rallies as board approves stock split, bonus issue
The board approved stock split from Rs 10 to Rs 2 and bonus issue in the ratio of 1:1.
CCL Products (India) has rallied nearly 8% to Rs 324 in opening deals on BSE after its board approved the sub-division of its equity shares of Rs10 each into five equity shares of Rs 2 each.
The board also recommended issue of bonus shares in the ratio of one equity share for every one share held by the shareholders, CCL Products said in a regulatory filing.
The stock is currently trading higher by 6% at Rs 320, seen a combined around 25,000 shares changing hands on BSE and NSE at 0919 hours.
The board also recommended issue of bonus shares in the ratio of one equity share for every one share held by the shareholders, CCL Products said in a regulatory filing.
The stock is currently trading higher by 6% at Rs 320, seen a combined around 25,000 shares changing hands on BSE and NSE at 0919 hours.
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First Published: Jul 04 2013 | 9:20 AM IST