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 Corporate - Announcements


Elgitread EGM okays stock split

Our Bureau

Coimbatore , Feb. 26

AN extraordinary general meeting (EGM) of the shareholders of the Coimbatore-based Elgitread (India) Ltd has approved a proposal to split the face value of the share to Re 1 from Rs 10.

In a communication to the NSE today, the company has said that March 12 would be the record date for the purpose of sub-division of the face value of the shares. Elgitread is the second company from the Elgi stable to opt for stock split.

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