 "Tide Water Oil hits lifetime high on stock split, bonus issue plan")
Tide Water Oil (India) has surged 18% to Rs 20,471, also its lifetime high on the National Stock Exchange (NSE) in early morning trade after the company announced bonus issue and stock split plan.
“A meeting of the board of directors of the company will be held on January 15, 2016 to consider and take on record the unaudited standalone financial results of the company for the quarter and nine months ended December 31, 2015,” Tide Water Oil said in a regulatory filing.
In the said meeting, the board of directors will also consider declaration of bonus issue and share split to/for the shareholders at such rate/ratio to be decided therein, it added.
At 09:25 a.m. the stock was up 16% to Rs 20,112 on the NSE. A combined 7,363 shares changed hands on the counter on the NSE and BSE so far.
“A meeting of the board of directors of the company will be held on January 15, 2016 to consider and take on record the unaudited standalone financial results of the company for the quarter and nine months ended December 31, 2015,” Tide Water Oil said in a regulatory filing.
In the said meeting, the board of directors will also consider declaration of bonus issue and share split to/for the shareholders at such rate/ratio to be decided therein, it added.
At 09:25 a.m. the stock was up 16% to Rs 20,112 on the NSE. A combined 7,363 shares changed hands on the counter on the NSE and BSE so far.