/ NBI Industrial Finance Company Board Approves Stock Split ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 27 June 2017

The board of directors of NBI Industrial Finance Company has approved stock split of existing equity share of Rs 10 each into 2 equity shares of Rs 5 each.

The board also approved the consequential amendment to the Memorandum of Association of the company subject to the approval of the shareholders.

The market value of the company’s investments is Rs 1,065.47 crore, which is more than its market cap of Rs 515.93 crore.

Meanwhile, the stock traded flat on NSE. The stock touched its 52-week high of Rs 5,040 per share and a low of Rs 270 per share on NSE.

N.B.I. Industrial Finance Company Limited is an India-based non-banking financial company. The company is primarily engaged in the business of investment in shares and securities, and financial activity.

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