19 Dec 07 GBN Stock Split has been approved

GBN Stock SplitÃ‚Â was today approved by the board of Global Broadcast NewsÃ‚Â Limited. The shares of Global Broadcast News (GBN) will be split in the ratio of 5:1 which means 1 share of face value Rs. 10 each will be split into 4 shares of face value Rs. 2 each on the record date for the stock split. As with all stock splits, the networth of the investors will remain same before and after the stock split assuming the condition of ceteris paribus. GBN Stock Split Record date has not yet been announced. The record date will be updated as soon as it is announced by the board of Global Broadcast News (GBN).

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