Waaree Renewable seeks shareholders’ nod for share split

New Delhi: Waaree Renewable Technologies will seek shareholders’ approval to split equity shares with a face value of Rs10 each into five shares through a postal ballot notice to encourage small investors and improve stock liquidity.

“With a view to encourage wider participation of small investors and to enhance liquidity of the equity shares of the company in the stock market, the Board of Directors of the company at its meeting held on January 20, 2024, approved and recommended for consideration of members for split/sub-division of one equity share of face value of Rs 10 into 5 equity shares of the face value of Rs 2,” as per the postal ballot notice.