India's HLE Glascoat jumps on setting of record date for stock split

HLE Glascoat

10/10/2022 09:47

** Shares of Indian process equipment maker HLE Glascoat Ltd
 HLEG.NS  rise as much as 6% to 3,647.95 Indian rupees ($44.26),
their biggest intraday pct gain since Sept. 2
    ** HLEG on Friday said it fixed Oct. 19 as the record date
for subdivision of shares from face value of 10 rupees per share
to 2 rupees per share
    ** Shares rise for fourth consecutive session, hitting their
highest level since Sept. 23
    ** More than 57,000 shares change hands by 0841 GMT vs
30-day avg of 20,453 shares
    ** Stock down 41.1% so far this year up to last close
($1 = 82.4200 Indian rupees)
 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))