New Delhi, July 4 -- Defence stock Paras Defence will remain in focus as the company will trade ex-split today, July 4. The split will be in a 1:2 ratio, meaning each share with a face value of Rs.10 will be divided into two shares of Rs.5 each.

In a regulatory filing to the stock exchanges, Paras Defence said, "The sub-division/ split of existing 1 (one) equity share of face value of Rs. 10 (Rupees Ten) each, fully paid- up into 2 (Two) equity shares of face value of Rs. 5/- (Rupees Five Only) each, fully paid- up, subject to shareholders' approval."

The company had set July 4 as the record date to determine shareholders eligibility to receive the additional shares after the stock split, as per the specified split ratio.

The split wil...