NALCO fixes record date for stock split and bonus issue

National Aluminum Company Limited has fixed March 16th 2011 as record date for sub division and split of face value of each equity share of INR 10 fully paid up into two equity shares of INR 5 each fully paid up and issue of bonus shares to the existing shareholders of the Company in the proportion of one bonus share for every one existing fully paid up equity share held.

The bonus shares shall be credited and dispatched on March 22nd 2011 to all eligible shareholders. The stock was trading at INR 448.90 up by INR 6.05 or 1.37%. The stock hit an intraday high of INR 451 and low of INR 432.60.

(Sourced from Equity Bulls)