Eraaya Lifespaces shares dropped more than 4% in morning trade after the company recently announced that its board of directors will meet on Saturday, October 19, 2024, to consider a stock split among other key business matters. The proposed split in the nominal value of the company’s equity shares is intended to enhance liquidity and investor participation.
Aside from the stock split, the board will discuss significant appointments, such as Mr. Arun Batra as Director-Operations and Mr. Vivek Dave as Independent Director, as well as the review of the company’s Environmental, Social, and Governance (ESG) policies to support sustainable growth.
As of 10:54 am, Eraaya Lifespaces shares were trading 4.60% lower at Rs 2,721.00 on the NSE.
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