The Board of Hindustan Aeronautics Ltd (HAL) will meet on June 27 to consider and approve a proposal to split its equity shares.
“A meeting of the Board of Directors of the company will be held on June 27, to consider a proposal of sub-division of equity shares of the company,” the company said in a filing.
A stock split is usually done to increase the liquidity of the stock in the market. On the record date, investors who are holding the stock until the record date will receive the new shares in Demat accounts and the stock price will be adjusted according to the split ratio.
