Vaibhav Global Ltd Board approves Sub-Division of Equity Shares

The Board of Directors of Vaibhav Global Ltd at its meeting held on March 22, 2021, has considered & approved the sub-division / split of existing 1 (One) Equity Share of face value of Rs. 10/- each fully paid up into 5 (Five) Equity Shares of Rs. 2/- each fully paid up, subject to shareholders' approval.

The rationale behind the stock split is in order to improve the liquidity of the Company's equity shares in the Stock Markets and to make them more affordable for the small retail investors, it is proposed to subdivide / split equity shares of face value of Rs. 10/- each into 5 equity shares of the face value of Rs. 2/- each, subject to the approval of the Members and authorities as applicable.

Shares of Vaibhav Global Ltd was last trading in BSE at Rs.4073 as compared to the previous close of Rs. 4145. The total number of shares traded during the day was 2396 in over 602 trades.

The stock hit an intraday high of Rs. 4206.95 and intraday low of 4045.85. The net turnover during the day was Rs. 9889332.

Source : Equity Bulls

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