Deccan Chronicle board okays 1:5 stock split

The board of directors of Deccan Chronicle have approved a stock split in the ratio 1:5, ie each share with a face value of Rs 10 to be sub-divided into five shares of Rs 2 each.

According to a release issued by the company to the BSE today, the company has also declared a 50% interim dividend, ie a payout of Rs 5 per equity share.