United Spirits today said its board will consider splitting of shares at the upcoming meeting on April 13.
The board of directors will consider 'subdivision of the equity shares of the company of face value of Rs 10 each' in such manner as may be decided by the Board at their meeting scheduled to be held on April 13, 2018, United Spirits said in a BSE filing.
As on quarter ended December 2017, the company had a total of 14,53,27,743 shares.
The company, however, did not disclose the reasons behind such a move.
Shares of United Spirits ended at Rs 3,054.55 apiece, down 0.58 per cent from the previous close on BSE.
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