After the announcement of HDFC Stock Split on last week by the board of directors of HDFC , they are intended to do sub-division of equity shares of Rs10 each of the corporation. The Board of Directors has approved the proposal to sub-divide the nominal value of the equity shares of the Corporation from Rs10 each to the nominal value of Rs2 each. They also have recommended a dividend of Rs36 per equity share of Rs10 each for the financial year 2009-10.
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