Rajesh Exports to consider 1:2 stock split

Rajesh Exports, the Rs 7,000 crore Bangalore-based jewellery retailer and exporter, has said that it will consider issue of bonus shares and splitting of each equity share of Rs 2 each into 2 shares of Re 1 each.

The decision is expected to be considered at the company's Board meeting on October 22, 2007. The stock is currently trading at Rs 962 on BSE, a 3.5% increase over yesterday's close.