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August 16, 2023
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 Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
| Avantel Ltd. | AVANTEL | 1:5 | 16-Aug | 14-Aug |
Refer: BSE Circular
