M and B Switchgears quotes ex-split today, down 2%

M and B Switchgears , engaged in the business of solar power generation, is quoting ex-split on Friday. The company has approved sub division of equity shares of the company from Rs 10 per share into Re 1 per share on November 9, 2012. The record date for the same has been fixed as December 24.

Yesterday the company informed exchange that it has outstanding orders in hand of around Rs 130.56 crore under the company's brand Ujaas as on December 15, 2012.

At 10:13 hours IST, the stock slipped 2.29 percent to Rs 24.35 on the Bombay Stock Exchange. Market capitalisation of the company currently stands at Rs 48.70 crore.

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