Private sector Karur Vysya Bank (KVB) will consider stock split at meeting of the Board of Directors' next month.
"The meeting of the Board of Directors of the bank will be held on September 19, 2016 to consider the feasibility of sub-division of equity shares of the bank," the bank said in a regulatory filing.
A stock split means breaking a particular share into two or more parts. Thus, after the split process, price of stock decreases in accordance with the proportion of the split.
Also Read
It is normally conducted by companies when the share price increases to levels that are either too high or fairly higher than that of similar companies in their sector. It makes share price more affordable to small investors.
Shares of the bank closed 2.64 per cent down at Rs 484.75 apiece on BSE.
Disclaimer: No Business Standard Journalist was involved in creation of this content
