Renaissance Global Ltd board approves stock split

The Board of Directors of Renaissance Global Ltd at its meeting held on May 05, 2022, approved the sub-division/split of existing equity share of the Company from 1 (one) equity share having face value of Rs. 10/- each, fully paid-up into 5 (five) equity shares having face value of Rs. 2/- each fully paid-up.

The board also approved alteration of the Capital Clause (Clause V) of the Memorandum of Association of the Company (MoA) on account of sub-division/split of equity shares, subject to approval of shareholders of the Company.

The shareholders' approval will be obtained through Postal Ballot Procedure for sub-division/split and Alteration of the Memorandum of Association.

Shares of Renaissance Global Limited was last trading in BSE at Rs. 718.40 as compared to the previous close of Rs. 700.90. The total number of shares traded during the day was 6748 in over 444 trades.

The stock hit an intraday high of Rs. 729.10 and intraday low of 704.00. The net turnover during the day was Rs. 4809230.00.

Source : Equity Bulls

Keywords

RenaissanceGlobal INE722H01016 StockSplit SubDivision