Max India Board recommends stock split
Mumbai, Jan 24 (UNI) Max India today informed the Bombay Stock Exchange (BSE) that the Board of Directors of the Company at it's meeting held today, inter alia, has recommended sub-division of each fully paid Equity Share of the Company, having a present face value of Rs 10/- each, into 5 fully paid Equity Shares of the face value of Rs 2/- each.
This shall however, be subject to the approval of Members at an Extraordinary General Body Meeting of the Company which will be convened on February 26, 2007.
Further, the Board accepted the resignation of Mr Nitin Sibal, a non-executive director nominated by Warburg Pincus group on the Board of Directors of the Company effective January 24, 2007.
UNI
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Story first published: Thursday, January 25, 2007, 8:06 [IST]