HDFC Bank Board approves Stock Split

by khalid on 19/04/2011 · 0 comments

Mumbai based HDFC Bank Limited has informed the share market (BSE/NSE) that the bank has decided to sub-division of its share in 1:5 ratio in recently held meeting of its Board of Directors. One equity share of the Bank having nominal value of Rs. 10/- each will be divided into five equity shares of nominal value of Rs. 2/- each and consequential alteration in the authorized share capital in the Capital Clause of the Memorandum of Association of the Bank. HDFC Bank is a major Indian financial services company based in India, incorporated in August 1994, after the Reserve Bank of India allowed establishing private sector banks.

Share’s Data :-
BSE Code : 500180
Market Cap : 109,231.29 Crores
HDFC Bank Ltd. share’s CMP is Rs 2,348.05 on 19th Apr 2011.

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