Pavna Industries Ltd announces 1:10 stock split
Pavna Industries Ltd, key automotive component manufacturer since 1994, announced a 10-for-1 stock split. This means each ₹10 face value share will become ten shares of ₹1 each, aiming to enhance accessibility and liquidity. The record date will be set post-shareholder approval, with process expected to conclude within three months. The stock has risen over 40% from its 52-week low.