₹₹The board of KSB Ltd. on Friday, April 26, approved splitting one equity share of ₹10 into five equity shares of ₹2 apiece, it said in an exchange filing.
This is the first ever stock split carried out by the company.The stock split will be completed within three months from the date of approval of the members of the company.Generally, a stock split is considered by a company to increase its outstanding shares, and also improve trading liquidity by making the stock more affordable to its shareholders.Previously, the company had announced a final dividend of17.5 per share, followed by15 per share dividend announced last year.KSB Ltd is engaged in the business of manufacture of power driven pumps and industrial valves.Shares of KSB Ltd. are trading 4% lower at ₹KSB Ltd.
The stock has more than doubled over the last 12 months.
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The board of KSB Ltd. on Friday, April 26, approved splitting one equity share of ₹10 into five equity shares of ₹2 apiece, it said in an exchange filing. This is the first ever stock split carried out by the company.The stock split will be completed within three months from the date of approval of the members of the company.Generally, a stock split is considered by a company to increase its outstanding shares, and also improve trading liquidity by making the stock more affordable to its shareholders.Previously, the company had announced a final dividend of17.5 per share, followed by15 per share dividend announced last year.KSB Ltd is engaged in the business of manufacture of power driven pumps and industrial valves.Shares of KSB Ltd. are trading 4% lower at ₹KSB Ltd. The stock has more than doubled over the last 12 months.
