LIC Housing Finance has approved a stock split in the ratio of 1:5 to boost the liquidity of its scrip. The lender shares of Rs 10 face value will each be split into five equities of Rs 2 face value. The company’s board of directors has also decide to conduct a postel ballot for obtaining shareholders’ approval for the stock split.
Courtesy by: The Economic Times Dated: 28th October 2010
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