Board approves 1-to-5 equity share split, subject to shareholder approval
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The board approved splitting each fully paid Rs 10 equity share into five fully paid Rs 2 shares, subject to shareholder and regulatory approvals. Paid-up shares will increase from 79,308,338 to 396,541,690 without changing total face value. The record date will be announced later, and implementation is targeted within two months after approval. The company aims to improve affordability and broaden retail participation.
The split may lower the per-share price and broaden retail access, but does not change total holding value. Shareholder approval is still pending.