Lanco Holdings to split stock

New Delhi, Oct 1 (UNI) Real estate company Lancor Holdings Ltd today said it will split its equity shares from the face value of Rs 10 each to Rs 2 each.

The board has approved the stock split, which is subject to the approval of shareholders.

The company would also pay a dividend of 10 per cent of the paid-up capital, a statement said.

Lancor Holdings Ltd, earlier known as DBS Properties Ltd, is engaged principally in development of properties in Chennai, Bangalore and Coimbatore.

UNI