IRB Infra last month announced that its board has approved sub-division/split of existing equity shares
Shares of IRB Infrastructure Developers Ltd rose over 2% to ₹31 per share on BSE in Wednesday's deals as the stock started ex-split trading on the record date of sub-division of equity shares of the company or in the stock split ratio. Was given 1:10.
The company had last month announced that its board has approved the "sub-division/split of the existing equity share of the company into 1 (one) equity share, the face value of which is Rs. 10/- (Rupees ten only)". 10 (Ten) Equity Shares of face value Rs.1 (Rupee One) each fully paid-up, subject to the approval of the shareholders of the Company."
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