Bharti Airtel said that it has received shareholders approval for the split of stocks in the ratio of 1:2.

“The members of the company, by way of postal ballot, have passed the resolutions for sub-division of shares, “ said the company in a filing to the BSE.

The board has already approved the stock split proposal, under which each equity share of Rs 10 would be divided into 2 shares of Rs 5 a piece.

Bharti Airtel also said it has allotted its 47,885 shares to the employees of the company under the employee stock option plan.