B L Kashyap & Sons approve stock split
B L Kashyap & Sons approve stock split >The members of BL Kashyap & Sons, at the 18th annual general meeting (AGM) of the company held on Sep. 21, 2007, decided to sub divide the equity share of the company having face value Rs 10 a share into 2 equity shares of the face value Rs 5 each. With the above approval, the number of shares of the company increased from 15 million equity share of Rs 10 each to 30 million equity shares of Rs 5 each. Further, they members authorized the board to borrow up to Rs 6 billion and declared dividend of 35% that is Rs 3.50 a equity share of Rs 10 for the financial year ended Mar. 31, 2007.
