Laurus Labs surges 6% as stock to turn ex-date for 1:5 split on Tuesday

The board has fixed September 30, 2020 as the 'record date' for sub-division of equity shares of the company from existing face value of Rs 10 each to face value of Rs 2 each

Shares of Laurus Labs were up 6 per cent to Rs 1,408 on the BSE in the intra-day trade on Monday head of the ex-date for 1:5 stock split on Tuesday, September 29, 2020.

The board of directors of Laurus Labs, at their meeting held on July 30, fixed September 30, 2020 as the 'record date' for sub-division of equity shares of the company from existing face value of Rs 10 each to face value of Rs 2 each (i.e. split of 1 equity share of Rs 10 into 5 equity shares of Rs 2 each). The company announced, on April