Pavna Industries Ltd. announced its first-ever stock split, approved by the board of directors.
The stock split involves subdividing one fully paid-up equity share of face value Rs 10 each into 10 equity shares of face value Re 1 each.
Investors need to hold shares as of the record date to be eligible for the stock split, which enhances liquidity without changing total investment value.
Pavna Industries, part of the Pavna Group, closed 0.62% lower at Rs 415.10 per share, with a decline in the last 12 months and year-to-date.