HCL Tech board approves stock-split

MUMBAI: The board of directors of Indian software services company HCL

Technologies Ltd. has approved a two-for-one stock split, the Bombay Stock

Exchange (BSE) said on Tuesday.

Its equity shares, which currently have a face value of Rs 4 each, will be

split into two shares of Rs 2, the company said in a notice to the exchange.

This decision is subject to the approval of the shareholders' meeting on

October 20.

Shares of HCL Technologies were Rs 14.25 rupees down at Rs 1,395 in late

morning trade at the BSE on Tuesday on a volume of nearly 15,000 shares. The

Bombay index was 0.13 per cent up at 4,608.23.

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