Blue Star to split stock in 1:5 ratio
Mumbai: The board of directors of Blue Star has approved a proposal to split the shares of the company in the ratio of 1:5, meaning that one share of Rs10 each would be split into five shares of Rs2 each.

The board also cleared a dividend of 120 per cent, i.e, Rs12 per share of Rs10 each.
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DLF readies for IPO
Mumbai: DLF has filed the draft red herring prospectus with the Securities and Exchange Board of India.

The IPO will consist of 20.20 crore shares of Rs2 each, and include a greenshoe option of 1.7 crore shares.
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Unitech board approves 12:1 bonus
Mumbai: The board of directors of Unitech has approved a proposal to issue bonus shares in the ratio of 12:1, i.e, 12 bonus shares for every share held.

According to a release issued by the company to the BSE today, the board also approved a proposal for sub-division of existing equity shares of Rs10 each into five shares of Rs2 each.
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