Overview

• Investors passed the resolution via postal ballot, with voting held from August 6 to September 4 and the result disclosed on September 5.
• Each ₹10 share will be split into five fully paid-up shares of ₹2 each, increasing the share count from 2,480 crore to 12,400 crore.
• The company said the split will not change authorised, issued, subscribed or paid-up capital, so market value is unaffected in principle.
• Hindustan Times reports the company has set September 22 as the record date, while other disclosures say the board will announce the date separately.
• Following the announcement, the stock traded modestly lower, reported around 0.8% down at ₹603.65 on the BSE.