Godrej Industries' board okays 1:6 stock split

The board of Godrej Industries has, at its meeting held today, approved a proposal for sub-division of the shares of the company.

According to an official release issued by the company to the BSE today, the ratio of the stock split is 1:6, i.e. each share of face value Rs 6 will be split into 6 shares of face value Re 1.

The board has also cleared the final dividend of 83.33%, i.e. Rs 5 per share for FY06.