Senco Gold shares surge 6% after nod for Rs 500 crore QIP, 1:2 stock split

Shares of Senco Gold surged 6.4% to Rs 1,494.55 after the company announced a Rs 500 crore qualified institutional placement (QIP) and a 1:2 stock split. This means shareholders will receive 2 shares with a face value of Rs 5 for every 1 share of Rs 10. The announcement was made after market hours.