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The board of Siyaram Silks on Wednesday, while considering its financial performance for the quarter ended June 30, approved sub-division of the face value its equity shares from ₹10 to ₹2. The board also gave its nod for investment of up to ₹25 crore in 9 per cent cumulative, redeemable, preference shares of Balkrishna Paper Mills, a group company. The stock closed at ₹2,314.85 on the BSE, down 0.27 per cent.
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