Greenply Industries zooms on stock-split plan

The company said its board of directors will meet on October 28 to consider 5-for-1 stock split

Shares of Greenply Industries surged over 7% at Rs 1,026 on the BSE after the company said its board of directors will
will meet on October 28 to consider the proposal of sub-division of equity shares of the company from face value of Rs 5 to face value of Rs 1 each equity share.

Greenply Industries is a leader in the manufacturing and marketing of a wide range of interior infrastructure products.

The stock opened at Rs 980 and touched a high of Rs 1,032 on the BSE. A total of 10,215 shares changed hands on the BSE and the NSE so far.