Alkyl Amines surges 12%, hits fresh high ahead of stock split

The company got the shareholders' approval for the sub division of face value of equity shares from Rs 5 to Rs 2

Shares of Alkyl Amines Chemicals rallied 12 per cent to Rs 5,990, also its new high on the BSE in intra-day trade on Tuesday ahead of the sub division of face value of equity shares from Rs 5 to Rs 2. On Friday (March 19), the specialty chemicals maker announced that it has got the shareholders' approval for the stock split.

The company's board of directors, at their meeting held on February 2, approved the sub-division of equity share of face value of Rs 5 each fully paid up to Rs 2 each at the record date to be