Max India Board recommends stock split

Max India Ltd has announced that the Board of Directors of the Company at its meeting held on January 24, 2007, inter alia, has recommended sub-division of each fully paid Equity Share of the Company, having a present face value of Rs 10/- each into 5 fully paid Equity shares of the face value of Rs 2/- each, subject to approval of Members at an Extra General Meeting of the Company being convened on February 26, 2007.

Further, the Board accepted the resignation of Mr. Nitin Sibal, a non-executive Director nominated by Warburg Pincus group on the Board of Directors of the Company effective January 24, 2007.

Source : Equity Bulls

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