Stock Split 2025: Shares of technology (IT) company Coforge were in focus on Thursday, February 27, as it announced that its board will meet next week to consider a stock split.
In an exchange filing on Tuesday, after market trading hours, Coforge said a meeting of its board is slated to take place on March 4, 2025, to consider the proposal of alteration in the share capital of the company by sub-division/ split of the existing equity shares.
“The meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, March 04, 2025, inter alia, to consider the proposal of alteration in the share capital of the Company by sub-division/split of the existing Equity Shares of the face value Rs. 10/- each, fully paid-up, in such a manner as may be determined by the Board of Directors, subject to approval of the shareholders of the Company and any approvals, as may be required under applicable law,” Coforge said in an exchange filing.
The company further informed us that the trading window for dealing in Coforge’s securities will remain closed for all designated persons and their immediate relatives. “The trading window will re-open 48 hours after the dissemination of the outcome of the meeting,” it added.
