IEL Ltd board approves stock split

The Board of Directors of IEL Ltd at their meeting held today i.e. Friday, 07th July, 2023 have considered and approved the proposal to sub-divide/split the existing Equity Shares of the Company such that 1 (One) Equity Share having nominal/face value of Rs. 10/- (Rupees Ten only) each fully paid up, be sub-divided into 10 (Ten) Equity Shares having nominal/face value of Re. 1/- (Rupee One only) each fully paid up.

The approval from the Shareholders will be sought at the upcoming 67th Annual General Meeting and the Record date for sub-division/split of existing Equity Shares will be decided thereafter.

Shares of IEL Limited was last trading in BSE at Rs. 137.90 as compared to the previous close of Rs. 134.80. The total number of shares traded during the day was 3436 in over 112 trades.

The stock hit an intraday high of Rs. 140.00 and intraday low of 128.10. The net turnover during the day was Rs. 469743.00.

Source : Equity Bulls

Keywords

IEL INE056E01016 FoodProducts StockSplit SubDivision