A stock split is a corporate action where a company increases the number of outstanding shares by reducing the face value per share (Source: AI/Grok) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Pesticides maker Sikko Industries Ltd., which is only listed on the NSE, has drawn market interest since announcing a stock split and bonus issue of shares last week.

The board on Saturday approved the sub-division of one fully paid-up equity share of face value of Rs 10 each into 10 equity shares of face value of Rs 1 each fully paid-up.

The stock split will happen within three months from the date of approval by shareholders and is subject to the completion of the statutory requirements. A stock split enhances the liquidity of shares in the market.

The company will also iss

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