Godavari Power and Ispat shares up 5% ₹1,270 per share on the BSE in Tuesday’s session, the company announced that its board of directors in a meeting held today approved the proposal for sub-division of shares in the ratio of 1:2 to improve the liquidity of the shares. has given. Company’s share in the stock market and to facilitate small investors to deal in their shares.
“Board approves proposal for sub-division of equity shares of face value” ₹Godavari Power said in an exchange filing, subject to the approval of the shareholders of the company, 10 each of the company is divided into 2 equity shares of Rs.5 each.
The Board of the Company has also decided to issue bonus shares in the ratio of 1:1 by capitalizing the free reserves after the proposal for splitting of shares by the shareholders of the Company is approved. “an equity share ₹5 each as bonus for each fully paid-up (after sub-division) equity share of the company,” it added.
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