Varun Beverages Ltd board approves stock split

The Board of Directors of Varun Beverages Ltd at their meeting held today (started at 11:00 A.M. and concluded at 11:45 A.M.) has considered and approved the sub-division/split of existing Equity Shares of the Company from 1(One) Equity Share having face value of Rs. 10/- (Rupees Ten only) each fully paid-up, into 2 (Two) Equity Shares having face value of Rs. 5/- (Rupees Five only) each fully paid-up, subject to the approval of Equity Shareholders of the Company through Postal Ballot.

The Record Date for sub-division/split of existing Equity Shares shall be decided after taking aforesaid approval of the Equity Shareholders of the Company.

Shares of Varun Beverages Limited was last trading in BSE at Rs. 1443.80 as compared to the previous close of Rs. 1463.70. The total number of shares traded during the day was 52507 in over 5791 trades.

The stock hit an intraday high of Rs. 1468.00 and intraday low of 1431.00. The net turnover during the day was Rs. 76343086.00.

Source : Equity Bulls

Keywords

VarunBeverages INE200M01013 StockSplit SubDivision 2For1