Finolex Industries Ltd board approves stock split

The Board of Directors of Finolex Industries Ltd at its meeting held on 1st February, 2021, has approved the following matter subject to approval of members of the Company:

- Sub-division of the Equity Shares of the face value of Rs. 10/- each into Equity Shares of the face value of Rs. 2/- each.

- Alteration of Capital Clause of the Memorandum of Association of the Company.

- Alteration of Capital Clause of the Articles of Association of the Company.

Shares of FINOLEX INDUSTRIES LTD. was last trading in BSE at Rs.590 as compared to the previous close of Rs. 577.55. The total number of shares traded during the day was 10789 in over 1035 trades.

The stock hit an intraday high of Rs. 604 and intraday low of 580.3. The net turnover during the day was Rs. 6373681.

Source : Equity Bulls

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