Birlaa.com

ICSA (India) Limited has informed the stock exchanges that the board of directors of ICSA have approved the splitting of face value of the company’s shares (stock split). The ratio of the stock split is 5 : 1 which means 1 share of face value Rs. 10 each will be split into 5 shares of face value Rs. 2 each. The shares of ICSA (India) were up by over 6% as soon as the announcement was made. The board of ICSA (India) is expected to announce the record date for the stock split in the coming few days.