Date:03/12/2005 URL: http://www.thehindubusinessline.com/2005/12/03/stories/2005120303250201.htm

Back Panyam stock split okayed

Our Bureau

HYDERABAD: The shareholders of Panyam Cements & Mineral Industries Ltd, at the extraordinary general meeting held on Wednesday, have approved a proposal to split the shares of the company.

Accordingly, the shares will now be split into 10 shares of Rs 10 each from the existing Rs 100 per share.

The shareholders have also approved a resolution to make consequential amendments to the memorandum and articles of association, the company informed the stock exchanges.