Sub-division of equity shares of Avantel Ltd.

Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.

As per a recent circular, 1 equity share of Avantel Ltd. (Scrip Code: 532406) will be sub-divided into 5 equity shares. The key dates for the same are as follows:

Company NameSymbolSub-division RatioRecord DateEx-split Date
Avantel Ltd.AVANTEL1:516-Aug14-Aug

Refer: BSE Circular

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