Balaji Telefilms, at a meeting of its board today, approved the sub-division of the leading production house's shares of face value of Rs 10 each into shares of Rs 2 each credited as fully paid up.

The proposed sub-division is being done in order to widen the ownership of shares of the company amongst retail investors, an official release claims. The subdivision has been made subject to its approval at the AGM scheduled for 23 August.