Date:02/09/2006 URL: http://www.thehindu.com/2006/09/02/stories/2006090210461900.htm

Business

Geojit to subdivide Rs.10 share

Staff Reporter

KOCHI: Geojit Financial Services Limited has decided to subdivide the Rs.10 equity shares of the company into 10 shares of Rs. 1 each to facilitate easy accessibility to the shares by investors and enhanced liquidity, a company press release said.

The subdivision of the shares will come into effect on a record date to be announced later.

The board of the company also approved a final dividend of 22.5 per cent (interim 17.5 per cent), taking the total dividend payment to 40 per cent for the year ended March 2006.