Madras Aluminium approves stock split -Vedanta group…
Madras Aluminium Co, a part of the Vedanta group of companies, said its board has approved the proposal of stock-split.
The board of directors took a decision to this effect at its meeting, the company said in a filing to the Bombay Stock Exchange.
The board approved Sub-division of its each Rs 10 equity share into five equity shares of Rs 2 each, it said.
The company is a primary aluminium producer in South India with operations encompassing mining, refining, smelting and power generation.
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