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MUMBAI: KSL and Industries has announced a stock spilt of its Rs 10 face value share to Rs 4 face value share with effect from September 23. A resolution to this effect was passed at the extraordinary general meeting of the company on September 2.

"The share spilt will improve the liquidity of the shares as a result of the increase in floating stock," a press release said quoting Mr Saurabh Kumar Tayal, Managing Director. The move would enable more retail investors to participate in the company's growth process, the release said.

KSL and Industries is the flagship company of Saurabh Kumar Tayal enterprise. The company is an integrated textile mill and recently forayed into realty.

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