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Public sector lender Canara Bank has set May 15 as the record date for its stock split. The lender’s shares will be divided in a 1:5 ratio, through which one equity share with a face value of Rs 10 will be divided into five equity shares, each with a face value of Rs 2.
The board approved the stock split proposal to improve liquidity of Canara Bank shares and make them more accessible for retail investors. Typically, a stock split is considered to increase the stock’s affordability to retail investors or increase…
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