Gammon board nod for 1:5 stock split

The board of directors of Gammon India, which met today, has approved the proposal for stock split.

According to a release issued to the BSE today, the board has decided to sub-divide shares with a face value of Rs 10 per share into shares with a face value of Rs 2 per share (i.e one share of Rs 10 each will be split into 5 shares of Rs 2 each) subject to necessary approvals.