Greenlam Industries Ltd board approves stock split

The Board of Directors of Greenlam Industries Ltd at their meeting held today i.e. Monday, December 13, 2021, has, considered and approved the Sub-division/Split of face value of Equity Shares of the Company having face value @ Rs. 5/- each to Re. 1/- each as per Section 61{1)(d) of the Companies Act, 2013, subject to the approval of the Members of the Company.

The Rationale behind the stock split is to encourage wider participation of retail investors by making the equity shares more affordable for them and to enhance the liquidity of equity shares of the Company in the Stock Markets.

Shares of Greenlam Industries Limited was last trading in BSE at Rs. 1688.50 as compared to the previous close of Rs. 1687.40. The total number of shares traded during the day was 9096 in over 1739 trades.

The stock hit an intraday high of Rs. 1764.00 and intraday low of 1655.00. The net turnover during the day was Rs. 15599903.00.

Source : Equity Bulls

Keywords

GreenlamIndustries INE544R01013 StockSplit SubDivision