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WELSPUN INDIA LTD. - Outcome of Board Meeting (Board approves Sub-division of equity shares)
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02 Feb 2016
Welspun India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 02, 2016, has approved the sub-division of equity shares of the Company having a face value of Rs. 10 per share into ten equity shares having a face value of Re. 1 each. The sub-division of equity shares is subject to approval of shareholders and applicable statutory and regulatory approvals.&lt;BR&gt;&lt;BR&gt;Further, the Board has also approved a notice of resolutions to be passed by way of Postal Ballot for approval of sub-division of equity shares of the Company from Rs. 10 per share to Re. 1 per share and incidental change of the Memorandum of Association of the Company.
View all announcements for WELSPUN INDIA LTD. Source: BSE India