This smallcap multibagger will consider stock split on November 14
Nava Ltd on Monday announced that it would consider splitting the stock from a face value of Rs 2 per share in its upcoming board meeting, which is due to be held on November 14.
“In continuation to our letter (vide ref.no. NAVA/SECTL/335/2024-25) dated November 04, 2024 under Regulation 29 of SEBI (LODR) Regulations, 2015, we hereby inform that the Board of Directors at its meeting scheduled to be held on Thursday, November 14, 2024, will also consider the proposal of alteration in share capital of the Company by sub-division/ split of existing equity shares having face value of Rs. 2/- each, fully paid up, subject to approval of the shareholders of the Company,” said the company in a filing tot he exchange.
The company has not yet provided any other details.
This will be the second instance of the company splitting its stock. Prior to this, Nava had split its stock from a face value of Rs 10 per share to Rs 2 per share in August 2005, according to the Trendlyne data.
Established in 1972 as Nava Bharat Ventures, Nava Ltd is now a multinational company, operating in India, South East Asia and Africa with businesses in metals manufacturing, power, mining, agribusiness and healthcare.
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