 "Tide Water Oil zooms on fixing record date for stock split, bonus")
Shares of Tide Water Oil zoomed nearly 10% to Rs 27,503 after the company announced March 17, 2016 as the record date for stock split and bonus equity shares.
It may be recalled that the board of directors at the meeting held on January 28, 2016 approved stock split of every one equity share of the company having face value Rs 10/- each into two equity shares of face value Rs 5/- each and bonus shares in the ratio of 1:1.
The aforesaid stock split and issue of bonus shares were approved by the shareholders through a postal ballot.
The stock opened at Rs 25,499 and touched a high of Rs 27,700. At 11:30am, over 7,100 shares were traded on both the stock exchanges.
