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Money Matters cancels record date for stock split

Tuesday, November 30, 2010
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Mumbai: Money Matters Financial Services, whose top officials have been arrested by the CBI in the housing finance bribery case, today said it has canceled the record date for sub-division, or split, of its equity shares. "The board have passed the resolution for cancellation of the Record date (December 27, 2010) for the sub division of equity shares," Money Matters said in a filing to the Bombay Stock Exchange. It said the board at its meeting on Saturday decided to cancel the record date, which determines shareholders' eligibility for receiving split stocks. On November 12, the board had approved the sub division of shares in the ratio of 1:2 or one share of face value of Rs 10, to two shares of Rs 5 each. The company's shares had touched all time high of Rs 787 on October 29, 2010.
Source: PTI
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