Filatex Fashions Ltd board approves stock split

The Board of Directors of Filatex Fashions Limited ("the Company") at its meeting held today, i.e., on Friday, 07.06.2024 has considered and approved the sub-division/ stock split of existing 1 (one) Equity Share of face value of Rs. 5/-each fully paid up into 5 (Five) Equity Shares of Re. 1/- each fully paid up. The Record Date for the purpose of subdivision of equity shares will be announced subsequently, after the approval of the resolution for sub-division by the shareholders at EGM.

The rationale for the stock split is to enhance the liquidity in the capital market and to widen shareholder base.

Shares of FILATEX FASHIONS LTD. was last trading in BSE at Rs. 10.65 as compared to the previous close of Rs. 10.90. The total number of shares traded during the day was 942750 in over 2655 trades.

The stock hit an intraday high of Rs. 11.35 and intraday low of 10.50. The net turnover during the day was Rs. 10169426.00.

Source : Equity Bulls

Keywords

FILATEXFASHIONS INE185E01013 StockSplit SubDivision