Share capital cut at Central Provinces Railway Co.,

CPRC sharesMumbai: Central Provinces Railways Company has fixed Wednesday as ex-date for the proposed capital reduction.

Accordingly, investors in the company holding 100 equity shares of ₹10 each as on the record date (June 18), will receive six equity shares of ₹10 each post-capital reduction.

From ₹96.4 lakh, the company’s equity share capital will be reduced to ₹5.64 lakh.

LIC owns close to 15 per cent stake in the company, while retail investors hold 62.77 per cent stake.