17 Aug 07 Gulf Oil Corporation Stock Split

Gulf Oil Corporation has informed the stock exchanges that the board of Gulf Oil Corporation has approved splitting the face value (stock split) of the company’s shares from 1 share of face value Rs. 10 each to 5 shares of face value Rs. 2 each (5:1 stock split). The stock split is subject to approval from the shareholders of Gulf Oil Corporation. Gulf Oil Corporation was up 2% as soon as the announcement was made.

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