Container Corporation’s board has recommended sub-division of equity shares.

The board of directors has recommended sub-division of the equity shares of Rs.10 each into 2 equity shares of Rs.5 each, which is subject to the approval of shareholders and such other approvals as may be required.

Further, the company has also declared a final dividend of Rs.7.50 per equity share, which is also subject to approval of the shareholders in the upcoming annual general meeting.

Read EquityPandit’s Technical Analysis of Indian Stock Market