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Linc Limited has announced a board meeting on 20th December 2024 to approve the sub-division of equity shares from Rs. 10 to Rs. 5 and the issuance of bonus equity shares in a 1:1 ratio. Shareholders recorded as of the Record Date will receive the new shares, which will rank equally with existing shares.
This move aims to improve liquidity and attract a broader investor base, potentially boosting market confidence and share trading volumes. For investors, this development presents a positive outlook, showcasing the company's strategy to enhance shareholder value.