Akashdeep Metal Industries Ltd approves 1:5 stock split

The Board of Directors of Akashdeep Metal Industries Limited at their meeting held on today i.e., December 12th, 2022, have considered and approved the sub-divison (split) of existing 1 (One) Equity Share of the Company having a face value of Rs. 10/- (Rupees Ten only) each fully paid up into 5 (Five) Equity Shares having a face value of Rs. 2/- (Rupees Two only) each fully paid up, subject to shareholders' approval.

Further, the record date for the purpose of sub-division of Equity Shares shall be decided after obtaining approval for sub-division from the members through postal ballot and will be intimated in due course.

Shares of Akashdeep Metal Industries Ltd was last trading in BSE at Rs. 126.30 as compared to the previous close of Rs. 120.30. The total number of shares traded during the day was 36391 in over 188 trades.

The stock hit an intraday high of Rs. 126.30 and intraday low of 119.00. The net turnover during the day was Rs. 4470154.00.

Source : Equity Bulls

Keywords

AkashdeepMetalIndustries INE149Q01013 SubDivision StockSplit 1For5