Shares of Precision Wires India touched a 52-week high of Rs 386, rising nearly 9 percent intraday on December 15 after the company fixed December 23 as the record date for a stock split.
Precision Wires India's board, in a meeting on November 3, had approved the sub-division of the company's equity shares of face value of Rs 5 each into 5 equity shares of face value of Re 1 each.
The board has also approved sub-division of un-issued equity shares of Rs 10 each into 10 equity shares of face value of Re 1 each, subject to the approval of shareholders and other necessary approvals.
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The board approved interim dividend for FY22 at 35%, i.e. Rs 1.75 per equity share of the face value of Rs 5 each.
At 11:40 hrs, Precision Wires India was quoting at Rs 378.90, up Rs 24.40, or 6.88 percent on the BSE.
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