Deccan Cements up by 4 per cent on stock split approval
DSIJ Intelligence / 22 May 2017
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Following the back stock slit approval to Deccan Cements by the board of directors of the company, cement major, Deccan Cements witnessed a hike of about 4 per cent in early trade on the bourses on Monday, May 22, 2017.
Following the back stock slit approval to Deccan Cements by the board of directors of the company, cement major, Deccan Cements witnessed a hike of about 4 per cent in early trade on the bourses on Monday, May 22, 2017.
The company, in a meeting held on May 19, 2017, approved the sub-division of its one equity share of face value Rs 10 each into 2 equity shares, carrying a face value Rs 5 each, requiring the approval of shareholders at the 37th Annual General Meeting (AGM), due on August 11, 2017.
The share price of the company has increased by 52 per cent over the last 6 months. While, on May 22, 2017, the stock traded at Rs 1,210.65, up by 2 per cent on the BSE at 11:00 hrs IST.
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