Tata Investment announces first-ever stock split in 1:10 ratio; check details on record date
ADVERTISEMENT The said stock split is aimed at enhancing liquidity and improving affordability for retail investors.
The decision is subject to approval by shareholders through a postal ballot, as well as any applicable statutory or regulatory clearances.
In its exchange filing, Tata Investment Corporation stated that the objective of the stock split is to make its equity shares more affordable and encourage broader retail participation in the company's ownership. The move is also expected to improve the liquidity of the stock in the market.The company will announce the record date for the subdivision of shares in due course, following the receipt of necessary approvals from shareholders.Trendlyne data suggests that this is the first instance where the company is splitting its shares. However, the company has previously offered bonus shares to its shareholders in a 1:2 ratio in the year 2005.
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The company declared its Q1FY26 results on Monday, posting an 11.6% YoY jump in its consolidated profit after tax (PAT) at Rs 146.30 crore, versus Rs 131.07 crore in the year-ago period, while its revenue from operations stood at Rs 145.46 crore, up from Rs 142.46 crore in Q1FY25, indicating a 2.1% YoY rise.
ADVERTISEMENT After the Q1 results, the shares of Tata Investment Corporation were trading 3.8% higher at Rs 7,033.60 on the BSE.
Also read: Rekha Jhunjhunwala exits Nikhil Kamath, Madhusudan Kela-backed smallcap stock with 111% returns in 3 years
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