Sterlite Technologies Stock Split and Bonus Issue
Sterlite Technologies board has approved the stock split by way of sub-division of the equity shares of the company of face value of Rs. 5 each to the face value of Rs. 2 each (1:2.5) on 18 January 2010.
The board has also approved the issue of bonus shares in the ratio of 1:1 to the shareholders of the company and to the existing warrant holders. The board has approved to raise long term resources in the domestic / international markets up to Rs. 1,500 crore.
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