JK Tyre & Industries Ltd is considering a stock split plan and its board will take up the matter on Thursday.
"A meeting of the Board of Directors of the company will be held on September 25, 2014, inter alia, for considering sub-division (split) of face value of Rs 10 (per share) of the equity shares of the company," JK Tyre & Industries said in a filing to the BSE.
It, however, did not share the details of the plan.
The company further said in order to prevent insider trading, the "trading window" for dealing in the equity shares of the company shall remain closed from September 22-26, both days inclusive.
This is in accordance with SEBI Prohibition of Insider Trading) Regulations, 1992 read with company's code of conduct for prevention of insider trading.
As per information available on the BSE, the company has a total of 4,10,59,346 shares, out of which 47.34 per cent is held by promoter group, while the public holding is 52.66 per cent.
Shares of JK Tyre & Industries were trading at Rs 518.50 per share in the mid-day trade, up 3.76 per cent from the previous close on the BSE.
