12 Nov 07 Jindal Steel Stock Split
Jindal Steel & Power Limited today informed the stock exchanges that the board of Jindal Steel will meet on Wednesday, November 21 2007 to consider splitting the face value (stock split) of the company’s shares. The proposed ratio of the Jindal Steel Stock Split is 5:1 where in shareholders of Jindal Steel on the record date for the Stock Split will get 5 shares of face value Rs. 1 each in lieu of every 1 share of face value Rs. 5 each that they hold in Jindal Steel & Power Limited. The Jindal Steel Stock Split record date will be updated here as soon as it is announced.
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