Gujarat Ambuja Exports Ltd Board approves Sub-division of equity shares

The Board of Directors of Gujarat Ambuja Exports Ltd at its meeting held on Saturday, 25th July, 2020, has approved the sub-division of Equity Shares of the Company from face value of Rs. 2/- (Rupees Two only) each into two Equity Shares of face value of Rs. 1/- (Rupee One only) each at a Record Date to be determined by the Board of Directors (including a duly authorised 'Committee' thereof) subject to and subsequent to the approval of the Members at the ensuing Annual General Meeting of the Company.

The market price of the Company's Equity Shares has grown steadily over the past several years owing to the Company's strong financial performance and sound asset quality. In order to augment the affordability of the Company's Equity Shares and participation of the retail / individual investors and thereby facilitate more liquidity of the Company's Equity Shares, sub-division of equity shares was proposed.

Shares of GUJARAT AMBUJA EXPORTS LTD. was last trading in BSE at Rs.158.85 as compared to the previous close of Rs. 152.3. The total number of shares traded during the day was 31107 in over 1437 trades.

The stock hit an intraday high of Rs. 169.35 and intraday low of 150. The net turnover during the day was Rs. 4947052.

Source : Equity Bulls

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