Key Points
The existing one equity share having a face value of Rs 10 each, will be split into two equity shares having a face value of Rs 5 each, the company said in an exchange filing...
A stock split will enhance the liquidity in the companys shares and make it more affordable, particularly for retail investors...
Stock splits, particularly in highly-priced stocks, enhance the liquidity of the company's equity shares and encourage the participation of retail investors by making equity shares of the company more affordable..
The stock has outperformed the Nifty IT index over the last year, which had gained over 24%.. Further, the board has also recommended an interim dividend payout of Rs 32 a share for the current financial year...
Shares of the company ended 0.7%, up on Saturday at Rs 7,921.55 on the National Stock Exchange...
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