Alembic board nod for 1:5 stock split

The board of directors of Alembic, which met today, approved a proposal to split equity shares in the ratio of 1:5 i.e one share of Rs 10 would be split into five shares of Rs 2 each.

According to a release issued by the company to the BSE today, the company would seek shareholders' approval for the proposal at the annual general meeting to be held on August 30.