08 Dec 07 Modern India Stock Split proposed
Modern India moved up smartly by about 5% following an announcement made with the Indian stock exchanges which said that the board of directors of Modern India will meet on Monday, December, 17 2007 to consider a proposal to split the face value (stock split) of the company’s shares. More details about the Modern India Stock Split including the record date for the stock split and the ratio of the stock split will be updated here as soon as the information is announced by Modern India Limited. Modern India is a small cap company which has textile and real estate businesses. Modern India seems to be an attractive buy. However since the liquidity in the counter is very low, it becomes a high risk – high return investment. Investors looking at buying shares of Modern India should do so before the record date for the stock split.
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