India's Rajratan Global Wire gains 5% on proposal to sub-divide shares

Rajratan Global Wire

11/01/2022 08:32

** Shares of steel wire maker  RAJR.NS  rise as much as 5%
to 2,757.95 rupees, their highest since Aug. 4 and locked in
upper circuit
    ** Co said on Tuesday it will consider sub-division of
equity shares at a board meeting on Jan. 28
    ** Co did not disclose the quantum of the sub-division
    ** About 17,074 shares change hands vs 30-day avg of 6,609
    ** RAJR shares had gained 356% in 2021 and 37.6% so far this
year

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))