Thursday, October 28, 2010

LIC Housing Finance Okays Stock Split 1:5 Ratio

LIC Housing Finance Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 27, 2010, has approved subdivision of Equity shares of the Company of Rs. 10/- each into 5 equity shares of Rs. 2/- each.

The Board also decided to conduct postal ballot for obtaining approval of the shareholders to ensure greater participation of the shareholders in the above decision.

Source: BSE Corporate Announcements