Jindial Steel Board declares 5:1 stock split

New Delhi, Nov 21 (UNI) Jindal Steel and Power Ltd today said its board has given a go-ahead for a 5-for-1 stock split.

The decision is subject to the approval of the company's shareholders, a statement said.

The firm will sub-divide equity share of Rs fife each into five equity shares of Re one each.

Jindal Steel&Power is involved in steel production, power generation, mining iron ore, coal and diamond exploration.

UNI