Mazagon Dock Shipbuilders’ board has approved a stock split in the ratio of 1:2, meaning each existing share will be split into two, effectively doubling the total number of shares. Along with this, the company declared an interim dividend of Rs 23.19 per equity share of Rs 10 each, fully paid-up, for the financial year 2024-25.
The company has fixed October 30, 2024, as the “Record Date” for ascertaining the entitlement of shareholders for the purpose of payment of the interim dividend. Payment of the dividend will be made on or before November 20, 2024, according to an exchange filing. The stock split is proposed to make the shares of the company more liquid and affordable in the market.
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Source: Moneycontrol
News Desk
