Hercules Hoists Board recommends sub-division of equity shares

Hercules Hoists Ltd has announced that the Board of Directors of the Company at its meeting held on May 21, 2008, inter alia, has recommended for the approval of the shareholders in the forthcoming Annual General Meeting a proposal to sub-divide the equity shares of the Company from the existing 1 (one) equity share of Rs 10/- each to 10 (ten) equity shares of Re 1.00 each and the requisite Resolutions for amendment of the Memorandum and Articles of Association of the Company.

The stock was trading at Rs.2659.50, down by Rs.84.75 or 3.09%. The stock hit an intraday high of Rs.2830 and low of Rs.2600.

The total traded quantity was 4255 compared to 2 week average of 953.

Source : Equity Bulls

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