Yes Bank board to consider stock split on July 26

Yes Bank board to consider stock split on July 26

04/07/2017 12:30

Private sector lender, Yes Bank said that it will consider the proposal to divide the equity share of the company in a board meeting to be held later this month.

“A meeting of the board of directors of Yes Bank will be held on July 26, 2017 to consider sub-division of equity shares of the bank of the face value of Rs 10 each,” the bank said in a filing to the Bombay Stock Exchange.

However, the bank did not provide any further details on the ratio in which the shares will be divided.

Companies generally go for a stock division to improve liquidity of its shares in the stock market and to make them affordable to the small investors.

Meanwhile, shares of the Bank were trading at Rs 1490.05 apiece, down 0.22 per cent from the previous close at 12:35 hours on BSE.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s