Jaiprakash Associates has informed the stock exchange that the board of Jaiprakash Associates Limited which met today, approved the proposal to split the face value of the company’s shares (stock split). The ratio of the stock split has also been fixed. Jaiprakash Associates stock split ratio is 5:1 which means 1 share of face value Rs. 10 each would be split into 5 shares of face value Rs. 2 each. The shares of Jaiprakash Associates zoomed up today after the news about the stock split hit the markets.