Mazagon Dock announces 1:2 stock split, declares ₹23.19 dividend
Mazagon Dock Shipbuilders on Tuesday announced a stock split in the ratio of 1:2. The company will split one share with a face value of ₹10 into two shares with a face value of ₹5 each. The company's board also approved an interim dividend of ₹23.19 per share. Mazagon's shares have jumped around 115% in the last 12 months.