Kalpataru Power board to consider split/bonus

The board of directors of Kalpataru Power Transmission will meet on March 31, 2006 to consider and approve either splitting the face value of shares and/ or issue of bonus shares.

According to a release issued by the company to the BSE today, the meeting will also consider a proposal to raise funds from the overseas markets via GDRs/FCCBs.

The stock has zoomed over 13% (Rs 214) to Rs 1,835 on the BSE at 1324 hrs with a volume of over 1.18 lakh shares.