Kaveri Seed rose to Rs 402 after the company's shares were quoted as stock split from today with record date being January 28, 2014.
The company's equity shares of face value Rs 10 each will be split into five equity shares of face value Rs 2 each.
The board of directors said that the stock split was on account to improve liquidity in the stock with higher floating stock and to make them more affordable to small retail investors.
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On Friday, 24 January 2014, a day ahead of the stock split the stock had ended at Rs 2,038 on the Bombay Stock Exchange,
Further, the company in a release on Friday said that the board will meet on February 4, 2014 to consider the unaudited financial results of the company for the quarter ended December 2014 and also consider the proposal for payment of interim dividend if any for the financial year 2013-14.
