Muthoot Finance Ltd Board to consider Sub-division of equity shares

A meeting of the Board of Directors of Muthoot Finance Ltd is scheduled to be held on July 18, 2020, to consider and approve the proposal for sub-division / stock split of equity shares of the Company, subject to the approval of shareholders of the Company and to seek approval of shareholders for increase the borrowing powers of the Board of Directors of the Company from existing Rs. 50,000 crores to Rs. 75,000 crores.

Shares of MUTHOOT FINANCE LTD. was last trading in BSE at Rs.1110 as compared to the previous close of Rs. 1097.25. The total number of shares traded during the day was 64713 in over 3064 trades.

The stock hit an intraday high of Rs. 1118.05 and intraday low of 1095.35. The net turnover during the day was Rs. 71694917.

Source : Equity Bulls

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