Muthoot Finance on Friday said, “It is planning to consider a sub-division/stock split of equity shares.”
In a filing with the stock exchange, the company said, “Meeting of the board is scheduled to be held on July 18, to consider and approve the proposal for sub-division/stock split of equity shares of the company, subject to the approval of shareholders of the Company.”
“It will also seek the approval of shareholders to increase the borrowing powers of the Board of Directors of the Company from existing Rs 50,000 crores to Rs 75,000 crores,” the filing added.
