Hind Rectifiers AGM approves stock split

Hind Rectifiers Ltd has announced that the shareholders at the Annual General Meeting (AGM) of the Company held on July 28, 2007, inter alia, have accorded to sub-divide each Equity Share of the Company having a present face value of Rs 10/- into 5 Equity Shares of the face value of Rs 2/- each.

September 04, 2007 has been fixed as the Record Date for the purpose of Sub-division / stock split of Rs 10/- per Equity share of the Company into Five Equity shares of Rs 2/- each.

The stock closed the day at Rs.850, up by Rs.7.25 or 0.86%. The total traded quantity was 1897 compared to 2 week average of 2517. The stock hit an intraday high of Rs.867.85 and low of Rs.845.50.

Source : Equity Bulls

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