Carborundum Universal Ltd has said hat the Board of Directors of the Company would be considering a proposal to subdivide the Company's equity shares from the present face value of Rs. 2/-each to Rs. 1/- each at the forthcoming Board Meeting to be held on August 05, 2011.

The shares of Carborundum Universal are trading at Rs 307, down by Rs 0.15 or 0.05%, as against the previous close of Rs 307.

It had earlier opened at the day's low of Rs 305 and high of Rs 309. The total traded quantity stood at 4,006 lakh shares on the BSE.