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S&P
BSE SENSEX
74,183.45
-155.99
-0.21 %
Corporate Announcement
Security Code
533398
Company
MUTHOOT FINANCE LTD.
Exchange Received Time
18/07/2020 13:14:19
Exchange Disseminated Time
18/07/2020 13:14:27
Time Taken
00:00:08
Disclosure Under Regulation 30, Read With Schedule III Part A, And Other Applicable Regulations Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015, As Amended (The 'Listing Regulations') |
7/18/2020 1:14:21 PM
The Board, at the meeting held today, discussed in depth the pros and cons of the stock split proposal. Though, the share price movement over the last few months and financial indicators were found to be ideal for a stock split proposal at the current scenario, Board unanimously decided to defer the proposal to sub-divide the equity shares to the Company to a future date. Decision to defer the proposal was taken considering the economic uncertainties that are currently prevailing due to COVID 19 outbreak and related slowdowns being witnessed in the Economy. Future update on this matter will be intimated in due course.
The meeting commenced at 11.00 AM (IST) and concluded at 1.05 PM (IST). Request you to kindly take on record the information and disseminate the same to the investors through the website.
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