CCL Products rallies as board approves stock split, bonus issue

The board approved stock split from Rs 10 to Rs 2 and bonus issue in the ratio of 1:1.

Image
SI Reporter Mumbai
Last Updated : Jul 04 2013 | 9:21 AM IST
CCL Products (India) has rallied nearly 8% to Rs 324 in opening deals on BSE after its board approved the sub-division of its equity shares of Rs10 each into five equity shares of Rs 2 each.

The board also recommended issue of bonus shares in the ratio of one equity share for every one share held by the shareholders, CCL Products said in a regulatory filing.

The stock is currently trading higher by 6% at Rs 320, seen a combined around 25,000 shares changing hands on BSE and NSE at 0919 hours.

More From This Section

First Published: Jul 04 2013 | 9:20 AM IST

Next Story