Fedders Holding Ltd board approves 10 For 1 Stock Split

The Board of Directors of Fedders Holding Limited have recommended the proposal of sub-division of equity share of face value of Rs. 10 /- each fully paid up into equity shares of face value of Re. 1/- each fully paid up at the "Record Date" to be determined as authorized by the Board of Directors, subsequent to the approval of the shareholders in General Meeting of the Company.

The rationale behind the Split is to improve the liquidity of the Company's shares and also increase the shareholders base in the stock market by encouraging participation of investors at large.

Shares of IM+ Capitals Limited was last trading in BSE at Rs. 902.70 as compared to the previous close of Rs. 874.30. The total number of shares traded during the day was 16656 in over 514 trades.

The stock hit an intraday high of Rs. 909.80 and intraday low of 866.10. The net turnover during the day was Rs. 14878497.00.

Source : Equity Bulls

Keywords

FeddersHolding INE417D01012 SubDivision StockSplit 10For1