BEML Board Approves Stock Split In 1:2 Ratio

BEML Ltd. on Monday said its board has approved a stock split, dividing each equity share of ₹10 face value into two shares of ₹5 each.

The state-run firm said the record date for the split will be announced post shareholder approval. The process is expected to be completed within two to three months from the date of approval, BEML said in an exchange filing.