Banco Products Stock Split Record Date fixed

October 31, 2007

Record date for Banco Products Stock Split has been announced to be November 30, 2007. On the record date, the face value of the shares of Banco Products will be split from 1 share of face value Rs. 10 each to 5 shares of face value Rs. 2 each. Hence shareholders who hold the shares of Banco Products on the record date will get 5 shares for every 1 share held after the proposed stock split. It is to be noted that there would be no absolute increase in wealth for shareholders since the increase in number of shares will be offset by an equallising fall in share prices. The only true benefit is, liquidity in the Banco Products counter will increase after the stock split.

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