Cinevistaas Board approves stock split

Cinevistaas Ltd has announced that the Board of Directors of the Company at its meeting held on August 20, 2007, has considered and approved the following:

1. Forfeiture of partly paid up shares.

2. Sub-division of shares from Rs 10/- to Rs 2/- per share subject to shareholders approval at the ensuing AGM.

3. Increase in authorized Capital from Rs 12 cr to Rs 20 cr subject to shareholders approval at the ensuing AGM.

Source : Equity Bulls

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