Havells India announced that its board of directors approved sub-division of the nominal value of equity shares from face value of Rs 5 to face value of Rs 1 a share.

The company in order to give effect to the above said sub-division of equity shares of the company, subject to the consent of the members.

Shares of the company declined Rs 12.15, or 1.03%, to settled at Rs 1,163.75. The total volume of shares traded was 565,313 at the BSE (Monday).