Sri Adhikari Brothers Board approves stock split

MUMBAI: Sri Adhikari Brothers Television Network Ltd has informed the Bombay Stock Exchange (BSE) that the Board of Directors of the Company has approved the stock split.

A meeting held on 29 October approved the proposal for sub-division of existing Equity Shares of Rs 10 each, into five equity shares of Rs 2 each.

Accordingly, the existing 92,83,500 equity shares of Rs 10/- each fully paid up will be sub-dividend into 4,64,17,500 equity shares of Rs 2/- each fully paid up, subject to the approval of members in the General Meeting.