Bondada Engineering Limited approves 5 For 1 stock split

The board of directors of Bondada Engineering Limited have considered and approved the sub-division/split of existing 1 (One) equity share of the Company having a face value of Rs. 10/- (Rupees Ten only) each, fully paid-up, into 5 (Five) equity shares having a face value of Rs. 2/- (Rupees Two only) each, fully paid-up, subject to shareholder's approval.

The record date for the purpose of the above sub-division/split of Equity Shares shall be decided after obtaining approval of the shareholders through the Annual General Meeting and will be announced in due course.

The rationale behind the split/consolidation is to enhance the liquidity of the Company's equity shares and encourage the participation of investors by making it more affordable.

Shares of Bondada Engineering Limited was last trading in BSE at Rs. 2625.55 as compared to the previous close of Rs. 2500.55. The total number of shares traded during the day was 5800 in over 17 trades.

The stock hit an intraday high of Rs. 2625.55 and intraday low of 2625.55. The net turnover during the day was Rs. 15228190.00.

Source : Equity Bulls

Keywords

BondadaEngineering INE0Q8P01011 TelecomInfrastructure StockSplit SubDivision 5For1