PC Jewellers shares rise 4% on considering stock split in upcoming board meeting
PC Jewellers today surged 4% to its new all-time high of Rs 157.30 on BSE after the company on Tuesday announced that it will consider and approve a stock split in its upcoming board meeting scheduled on September 30.
“A meeting of the Board of Directors of the Company will be held on Monday, September 30, 2024, inter-alia, to consider and approve the alteration in the share capital of the Company by sub-division / split of existing equity shares having face value of Rs.10/- each, fully paid-up, as may be determined by the Board of Directors and consequent alteration of Memorandum of Association of the Company,” said the company in a filing to the exchanges.
The company also informed that in the same meeting, it will also consider the appointment of new directors of the company.
In case the company proceeds with the decision of the stock split, this will be the first instance of the company doing so, according to the data available on trendlyne.
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