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Bloomberg Quint

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Pavna Industries Announces First-Ever Stock Split

  • 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.

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