Godawari Power Rallies 5% After Board Approves Stock Split, Bonus Issue

Shares of steel maker Godawari Power and Ispat were locked in a 5 per cent upper circuit at Rs 1,269.90 after the board of directors of the company approved stock split in the ratio of 1:2 and bonus issue of shares. "The board approved the proposal for sub-division of equity share of face value of Rs 10 each of the company into two equity shares of Rs 5 each, subject to approval of the shareholders of the company," Godawari Power and...