Wind turbine manufacturer, Suzlon Energy Ltd, on Friday said its shareholders have approved the stock-split in the ratio of 1:5. In a filing to the Bombay Stock Exchange (BSE), the company said shares of Rs 10 each would be sub-divided into five shares of Rs 2 each. Further, the capital of the company comprising 43 crore shares of Rs 10 each would be split into 215 crore shares of Rs 2
The chairman or such other director or officer authorised by the chairman will determine the record date for the split, the filing added. In late afternoon trade, shares of the company were trading at Rs 1,915, down 1.17% on the BSE.