Stock split to impact Havells India

Havells India will remain in focus at the exchanges, as the company has fixed Tuesday as the ex-date for further sub-division of the face value of its shares. The shares with a face value of ₹5, will be split into five shares of face value ₹1 each. The stock split will be reflected from Tuesday’s trading, both in the equity and the derivative segments. Those buying the shares from Tuesday will not be eligible for the split. The stock on Monday closed at ₹1,247, down 0.8 per cent.