Stock split pushes Siyaram Silk Mills into negative zone
DSIJ Intelligence / 27 Jul 2017
Siyaram Silk Mills traded in negative territory after its Board of Directors on Wednesday approved the sub-divison of each equity share of face value of Rs 10 into five equity shares having face value of Rs 2 each
Siyaram Silk Mills traded in negative territory after its Board of Directors on Wednesday approved the sub-divison of each equity share of face value of Rs 10 into five equity shares having face value of Rs 2 each, subject to approval of shareholders in the upcoming AGM.
The board of the company has also approved an investment up to Rs 25 crore in 9% cumulative redeemable preference shares of Balkrishna Paper Mills Ltd., a group company.
Meanwhile,the stock lost over 2% at Rs 2,267 per share. On NSE the stock attracted a traded volume of 4,506 shares and a traded value of 104.53 lakh. On a yearly basis, the stock has given 117.78% returns.
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