BusinessBisiness:GTV Engineering Limited announced a stock split and bonus issue after holding a board meeting on Saturday, June 7.

GTV Engineering Limited is a diverse Indian company, which is business in heavy engineering, hydroelectric and flour milling. The company was originally included in 1990 as the Gwalior Tank and Wessals Private Limited, later renamed GTV Engineering Limited. GTV is a major supplier of heavy engineering goods in various fields including cement, electricity and mineral processing plants.

The board considered and approved the sub-division/division of the company’s existing equity shares, so that each equity share whose marked price is Rs 10/-(only ten rupees), each is completely repaid, is paid/divided/divided into a number of fully paid equity shares with a full value of Rs 2, which will be opposed to the corresponds of the company’s equity shareholders through postal ballot. The record date for sub-division/division of existing equity shares will be fixed after receiving the aforesaid approval of the company’s equity shareholders.

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