S.E. Investments Board to Consider Sub-Division Stock Split

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S.E. Investments Ltd has announced that a meeting of the Board of Directors of the Company will be held on July 05, 2010, inter alia, to consider the alteration in Clause V (Share Capital Clause) of the Memorandum of Association of the Company.

The Board will consider sub-division (stock split) of One Equity Shares of Rs. 2/- each of the Company into 2 (Two) equity shares of Re. 1 /- each.

The Board will also consider change of name of the Company and to take steps for its implementation including filing of application with the Reserve Bank of India (RBI).

The stock closed the day at Rs.51.55, up by Rs.1.90 or 3.83%. The stock hit an intraday high of Rs.52.10 and low of Rs.48.65.

The total traded quantity was 335783 compared to 2 week average of 48281.

Source: Equity Bulls

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