UPDATE 1-Amara Raja Batteries OKs 5-for-1 stock split

Newswire

MUMBAI, June 22 (Reuters) - Amara Raja Batteries Ltd. , which reported a 66 percent rise in quarterly net profit on Friday, said it would split each of its shares into five. The company's net profit was 152.3 million rupees on sales 1.94 billion rupees driven by telecoms and industrial demand, a top official said. India's second largest battery maker after Exide Industries Ltd. said network expansion by telecoms firms and rising demand for back up power batteries would help maintain ...

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