Temptation Foods to consider share split on July 30
Temptation Foods today said its board of directors will consider a share split and preferential allotment of equity shares to non-promoters at its next meeting on July 30.
By PTI |
NEW DELHI: Temptation Foods today said its board of directors will consider a share split and preferential allotment of equity shares to non-promoters at its next meeting on July 30.
As per the proposal, the company will sub-divide each of its equity shares of Rs 10 face value into 10 shares of Re 1 each.
"The board of directors will hold a meeting on July 30 to consider and approve sub-division of equity shares of face value Rs 10 to Re 1," Temptation Foods said in a filing to the Bombay Stock Exchange.
The food processing firm also said it will also consider and approve the preferential allotment of equity shares to non-promoters.
Shares of Temptation Foods was trading at Rs 12.71 on the BSE, a 4.95 per cent increase from the previous close.
As per the proposal, the company will sub-divide each of its equity shares of Rs 10 face value into 10 shares of Re 1 each.
"The board of directors will hold a meeting on July 30 to consider and approve sub-division of equity shares of face value Rs 10 to Re 1," Temptation Foods said in a filing to the Bombay Stock Exchange.
The food processing firm also said it will also consider and approve the preferential allotment of equity shares to non-promoters.
Shares of Temptation Foods was trading at Rs 12.71 on the BSE, a 4.95 per cent increase from the previous close.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
Kotak Mahindra Bank shares in focus after bank approves 1:5 share split planADVERTISEMENT
