Tata Investment stock split: Board approves sub-division of shares in 1:10 ratio. Check details
As a result, Tata Investment share price spiked 4% in intraday deals.
The company said its board approved the sub-division of one equity share of the company having a face value of ₹ 10/- each fully paid-up, into 10 equity shares having a face value of ₹ 1/- (Rupee One only) each, fully paid-up.
The company will undertake the stock split by alteration of the Capital Clause of the Memorandum of Association of the Company and the relevant capital clause in Articles of Association of the Company, subject to approval of the Shareholders by way of Postal Ballot and any regulatory/statutory approvals, as may be required under applicable laws, it said in a filing with the exchanges today.
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