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Corporation Bank has decided to sub-divide each equity share with a face value of Rs 10 into five equity shares of Rs 2 each.
In this regard, the bank informed the BSE on Wednesday that it has fixed January 23, as the record date for the purpose of ascertaining the eligibility of shareholders to receive five equity shares of nominal value of Rs 2 each in lieu of one equity share of nominal value of Rs 10 each on account of reduction/split in the face value of the bank's equity shares.
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