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Shares of IT service provider Tech Mahindra fell 7 per cent in the past three trading sessions after the stocks went ex-bonus and ex-split on March 19.
The board of directors of the company decided to give bonus shares in the ratio of 1:1 that is one equity share for every one equity share held by its shareholders. The board also decided to split the share. The shares of the company were sub-divided in the ratio of 2:1 that is two equity shares of Rs 5 each for every one equity share of Rs 10 each held.
Shares of the company ended 3.14 per cent lower at Rs 657 on the Bombay Stock Exchange. As many as 14.26 lakh shares changed hands on the BSE compared to 3,50,000 shares traded daily in the past two weeks.
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