New Delhi, Nov 14 (UNI) The board of directors of Orient Paper&Industries today approved stock spilt in the ratio of 1:10.
The company will sub-divide its existing equity shares of Rs 10 each into 10 shares of Re 1 each.
The stock split is subject to approval of the stock exchanges, depositories and such other approvals as may be required, it said in a statement.
Orient Paper&Industries is a manufacturer of wide range of writing, printing, industrial and specialty papers. The company is a part of the CK Birla group.