The company said that a meeting of the board is scheduled to take place on January 28 wherein the proposal to split the shares will be taken into consideration and approved.
Last week, IRB Infra's board approved the proposal for split of shares. As per a regulatory filing, the company will split its shares in a ratio of 10:1.
The 30-share BSE Sensex zoomed 846.94 points or 1.41 per cent to settle at 60,747.31. During the day, it jumped 989.04 points or 1.65 per cent to 60,889.41. The broader NSE Nifty climbed 241.75 points or 1.35 per cent to end at 18,101.20.
The company in an exchange filing said that the securities comprised have been listed on the stock exchange.
he MoU was signed under the Invest UP programme under the leadership of Chief Minister Yogi Adityanath.
The stock split announcement comes at a time when the highway infrastructure developer company completes 25 years of incorporation.
According to a filing by the company, it has recorded the highest sales volumes of 91,232 thousand tonnes in the third quarter of the current fiscal, registering a 40 per cent rise on a Y-o-Y basis.
The Mumbai headquartered highway construction company said that UTL will use proceeds to refinance the existing project debts.
The cautionary statement comes after the NSE noticed that Sameer Gulabrao Thite associated with Samsan Unitrade was offering the service to handle trading accounts of investors by asking them to share their user identification (user ID) and password.
BSE and NSE, in their circulars, said the symbolic trading session would be held between 1815 hrs and 1915 hours.
Business News: After falling in the previous three trading sessions, the 30-share BSE benchmark climbed 179.53 points to 57,326.85 after a positive start. The broader NSE Nifty gained 52.75 points to 17,036.30.
Rupee v/s Dollar: At the interbank foreign exchange, the domestic unit opened at 82.35 against the dollar, then pared the gains to 82.41, registering a loss of just 1 paisa over its previous close.
The 30-share BSE Sensex climbed 513.29 points to 58,578.76 in early trade. The broader NSE Nifty advanced 154.5 points to 17,428.80.
NSE co-location case: An FIR was registered in the case in May 2018, amid fresh revelations about irregularities at the country's largest stock exchange. The CBI is probing the alleged improper dissemination of information from the computer servers of the market exchanges to stock brokers.
NSE phone tapping case: Pandey was already in the judicial custody of the Enforcement Directorate in connection with probes against him. The Central Bureau of Investigation (CBI) approached a special CBI court here seeking his custody in connection with the tapping case.
The 30-share BSE Sensex tanked 1,020.80 points or 1.73 per cent to close at 58,098.92. Similarly, the NSE Nifty plummeted 302.45 points or 1.72 per cent to end at 17,327.35.
The 30-share BSE Sensex climbed 104.92 points or 0.18 per cent to settle at 59,793.14. During the day, it jumped 431.58 points or 0.72 per cent to 60,119.80. On similar lines, the broader NSE Nifty ended higher by 34.60 points or 0.19 per cent to 17,833.35.
From the Sensex pack of firms, IndusInd Bank, State Bank of India, Tata Steel, Hindustan Unilever, NTPC, Infosys, Dr. Reddy's, Sun Pharma, and ICICI Bank emerged as the biggest gainers.
At the interbank foreign exchange, the domestic unit opened at 79.72 against the dollar, then touched 79.68 in initial deals, registering a gain of 27 paise over its previous close.
NSE illegal phone-tapping: Narain is understood to have been arrested in the tapping case under the criminal sections of the Prevention of Money Laundering Act (PMLA).
Top News
Latest News
