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KS Oils board approves stock split

CHENNAI: KS Oils has informed the BSE that the board of directors has approved payment of a 15 per cent dividend for 2006-07, to increase the authorised share capital to Rs. 40 crore from Rs. 30 crore, to sub-divide equity shares from Rs. 10 per share to Re. 1 per share and to raise funds via GDRs/FCCBs/equity share/securities, convertible into equity shares on preferential basis to the extent of Rs. 400 crore, which includes the promoter contribution of Rs. 100 crore.

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