IRCTC board recommends stock split

The Board of Directors of Indian Railway Catering & Tourism Corporation Limited (IRCTC) at its meeting held on Thursday, August 12, 2021, has recommended the proposal for sub-division of Company's one (1) equity share of face value of Rs. 10/- each into five (5) equity shares of face value of Rs. 2/- each, subject to the approval of Ministry of Railways, shareholders and other approvals as may be required.

The board also recommended alteration of Capital Clause (Clause V) in the Memorandum of Association of the Company, subject to the approval of Ministry of Railways, Government of India and shareholders.

Shares of Indian Railway Catering & Tourism Corporation Ltd was last trading in BSE at Rs. 2689.85 as compared to the previous close of Rs. 2571.55. The total number of shares traded during the day was 277908 in over 18449 trades.

The stock hit an intraday high of Rs. 2727.95 and intraday low of 2571.7. The net turnover during the day was Rs. 738551969.

Source : Equity Bulls

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