Schaeffler India Ltd has informed that the Members of the Company through postal ballot have approved Sub-division of Equity shares of the Company from One Equity Share having face value of Rs10/- each into Five Equity Shares having face value of Rs2/- each fully paid up.
As per regulatory filing, the Board of Directors of the Company has fixed the Record Date as Wednesday, February 9, 2022 for Determining eligibility of Members for the purpose of Sub-division of One Equity Share having face value of Rs. 10/- each into Five Equity Shares having face value of Rs. 2/- each.
On Tuesday early morning trade, Schaeffler India was trading at Rs9600.55 per piece up by 0.38% on the BSE.
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