Hi-Tech Pipes Ltd board approves stock split

The Board of Directors of Hi-Tech Pipes Ltd in its meeting held today i.e. Saturday, January 28, 2023, has considered and approved the sub-division/split of existing equity share of the Company from one equity share having face value of Rs, 10/- (Rupees Ten only) each, fully paid-up into Ten (10) equity shares having face value of Rs. 1/- (Rupees One only) each fully paid-up, and consequent alteration in the capital clause (Clause V) of the Memorandum of Association of the Company, subject to the approval of shareholders and other competent authorities.

Shares of Hi-Tech Pipes Limited was last trading in BSE at Rs. 72.50 as compared to the previous close of Rs. 73.85. The total number of shares traded during the day was 159844 in over 2537 trades.

The stock hit an intraday high of Rs. 74.15 and intraday low of 72.05. The net turnover during the day was Rs. 11621466.00.

Source : Equity Bulls

Keywords

HiTechPipes INE106T01017 SubDivision StockSplit 10For1