Davangere Sugar Company Ltd approves stock split

The Board of Directors of DAVANGERE SUGAR COMPANY LIMITED at its board meeting held today has accorded its approval to sub-divide/split the Equity Shares of the Company such that 1 (One) Equity Share having nominal face value of Rs. l0/- (Rupees Ten only) each be sub-divided into 10 (Ten) Equity Shares having nominal face value of Rs. 1/- (Rupees One Only) each subject to approval of the shareholders of the Company or any other regulatory authority, if any. The board also approved consequential alteration of the Capital Clause i.e., Clause V of the Memorarndum of Association of the Company, subject to the approval of the shareholders of the Company.

Shares of Davangere Sugar Company Ltd was last trading in BSE at Rs. 87.78 as compared to the previous close of Rs. 83.31. The total number of shares traded during the day was 11587 in over 148 trades.

The stock hit an intraday high of Rs. 89.99 and intraday low of 82.00. The net turnover during the day was Rs. 1004204.00.

Source : Equity Bulls

Keywords

DavangereSugarCompany INE179G01011 StockSplit 10For1