Hindustan Aeronautics Limited on Tuesday deferred the stock split proposal in today’s board meeting.
“…It is informed that the Board of Directors of the Company in its meeting held today i.e. September 21, 2021 has deferred the proposal for sub-division of shares,” the company said in a regulatory filing.
HAL shares fall 1.54% after board meeting results ₹1,354.80 each on the BSE.
On 3 September, HAL had informed the stock exchanges that the stock split decision would be considered on 21 September.
The stock touched a 52-week high ₹1,456.15 as on 30 August 2021. Stock hits 52-week low ₹660 on 4 November 2020.
HAL is primarily engaged in the design, development, manufacturing, repair and overhaul of avionics, instruments and accessories such as aircraft, helicopters, engines and related systems serving the Indian Defense programme. As of 30 June 2021, the Government of India held a 75.15% stake in HAL.
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