New Delhi, Feb. 27 -- Shares of Vesuvius India surged 6% in today's intraday, February 27 after the company's board approved a stock split proposal in a 1:10 ratio. This means that one share of the company, with a face value of Rs.10 apiece, will be split into ten shares of the face value of Rs.one each.

"The board has approved the proposal for the split/sub-division of existing equity shares of the company from 1 (one) equity share with a face value of Rs.10 (Rupees Ten) each, fully paid-up, into 10 (ten) equity shares with a face value of Rs.1 (Rupee One) each, fully paid-up, subject to shareholder approval at the upcoming Annual General Meeting (AGM)," the company stated in its Wednesday's exchange filing.

The company further clarifi...