Atul Auto announced on Thursday that its board of directors has approved the sub-division of equity shares.
The board approved sub-division including the paid-up shares, such that each existing equity share of the company of the face value of Rs 10 each, shall be sub-divided into two equity shares of face value of Rs 5 each, subject to approval of the shareholders.
Shares of the company gained Rs 13.40, or 2.53%, to settle at Rs 542.65. The total volume of shares traded was 9,075 at the BSE (Thursday).