More than 16 per cent of shares were raised of Hindustan Food Ltd, hitting a 52-week high of Rs 479 on the Bombay Stock Exchange (BSE). The company has announced the record date for its sub-division of shares on 22 July 2022.

In May, as per the company’s statement that “its board approved the proposal of Sub-Division/ Split of existing 1 (One) Equity Share of the face value of Rs. 10/- (Rupees Ten Only) each fully paid up into 5 (Five) Equity Shares of Rs. 2/- (Rupees Two Only) each fully paid up, subject to the approval of the members of the company and other authorities if required.”

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The stock split in the ratio of 1:5; this decision encourages wider participation of retail investors by making equity shares to increase the liquidity of equity shares of the company.

Following are the categories covered under FMCG: food & beverages, beauty & personal care, leather, sports footwear & accessories, home care, health & wellness and pest control.