Suzlon gets shareholders nod for stock split

Written by Agencies | Mumbai, December 28: | Updated: Dec 28 2007, 20:35pm hrs
Wind turbine manufacturer, Suzlon Energy Ltd, said its shareholders have approved the stock-split in the ratio of 1:5.

In a filing to the Bombay Stock Exchange, the company said shares of Rs 10 each would be sub-divided into five shares of Rs 2 each.

Further, the capital of the company comprising 43 crore shares of Rs 10 each would be split into 215 crore shares of Rs 2 each.

The record date for the split would be determined by the chairman or such other director or officer authorised by the chairman himself, the filing added.

In late afternoon trade, shares of the company were trading at Rs 1,915, down 1.17 per cent on the BSE.