Gammon Infrastructure plans stock-split
Gammon Infrastructure Projects on Tuesday said it has received approval for splitting its shares in the ratio of 1:5.
By PTI |
MUMBAI: Gammon Infrastructure Projects on Tuesday said it has received approval for splitting its shares in the ratio of 1:5.
The board of directors has approved the sub-division of the issued and un-issued equity shares of the company of Rs 10 a piece into five stocks of Rs 2 per piece, Gammon Infra said in a filing to the BSE.
The board''s decision of stock split is subject to the approval of the company''s shareholders, it added.
Shares of Gammon Infra rose five per cent to hit its upper trading limit of Rs 103.55 in the afternoon trade in the BSE. On the volume front, over 5,500 shares changed the hands on the bourse in first few hours.
The board of directors has approved the sub-division of the issued and un-issued equity shares of the company of Rs 10 a piece into five stocks of Rs 2 per piece, Gammon Infra said in a filing to the BSE.
The board''s decision of stock split is subject to the approval of the company''s shareholders, it added.
Shares of Gammon Infra rose five per cent to hit its upper trading limit of Rs 103.55 in the afternoon trade in the BSE. On the volume front, over 5,500 shares changed the hands on the bourse in first few hours.
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