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Mumbai, July 31 The board of directors of Areva T&D India Ltd has approved a stock split. Each share of Rs 10 would be split into five equity shares of Rs 2 each, the company said in a press release. The existing authorised share capital of the company is Rs 125.5 crore divided into 12.55 crore equity shares at Rs 10 each. With the proposal to split the shares into smaller denominations, the share capital would become 62.75 crore equity shares of Rs 2 each. The proposal will improve the liquidity of the company’s shares in the stock market, making them more affordable to small investors, the company said in the release.

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