Sefalana to undergo a share split

"We are happy to report that we will be undergoing a share split as previously agreed and this will coincide within two weeks of our next AGM scheduled for 21 September," the Managing Director of Sefalana Chandra Chauhan said when unveiling the group's results on Tuesday.

A share split usually occurs when a company's shares become too expensive for the average investor.  When this happens, companies may split the shares and issue new shares at no cost. The previous Sefalana AGM agreed a share split of 10 for 1 of the shares in a bid to broaden shareholding and allow small investors to buy the company stock.