12 hours ago
- Business
- Business Recorder
LSE Capital approves stock split from Rs10 to Rs5 per share
LSE Capital Limited announced on Monday that it had approved a stock split from Rs10 to Rs5 per share.
This company announced in a notice to the Pakistan Stock Exchange (PSX) today.
'The approval is hereby accorded for subdivision of the authorized capital of LSE Ventures Limited from Rs3,000,000,000/- divided into 300,000,000 ordinary shares of Rs10.00 each to Rs3,000,000,000/- divided into 600,000,000 ordinary shares of Rs5.00 each.'
'Board of Directors of the company authorized to determine the entitlement dates and book closure dates to effectuate the stock-split,' it added.
LSE Capital is licensed as a Modaraba Management company, besides carrying the license to act as a consultant to the issue for IPOs and corporate finance advisory services.
