Tata Investment Corporation Limited has announced a significant corporate action that will impact its shareholding structure. The company has declared a 1:10 stock split, a move that will increase the number of outstanding shares while proportionally reducing the share price.

Stock Split Details

Impact on Shareholders

The stock split will subdivide each existing share with a face value of Rs 10 into ten shares with a face value of Rs 1 each. This action does not change the overall value of an investor's holdings but increases the number of shares they own.

Investors looking to benefit from this corporate action must purchase shares by Monday, October 13, to qualify for the split. This timing is crucial due to India's T+1 settlement cycle, which ensures that transactions are settled the day after they occur.

Market Performance

Tata Investment Corp's stock has shown strong performance in recent times:

Ownership Structure

Tata Investment Corp's ownership is predominantly held by Tata Group entities:

Company Profile

Tata Investment Corporation Limited operates as a non-banking financial company. Its primary business activity involves investing in equity shares, debt instruments, and securities, with a focus on Tata Group companies across various industries.

This stock split is a significant development for Tata Investment Corp shareholders. While it doesn't directly affect the company's fundamental value, it can potentially improve liquidity and make the stock more accessible to a broader range of investors. Shareholders should stay informed about the upcoming changes and adjust their records accordingly post-split.

Tata Investment Corporation Limited , a prominent non-banking financial company within the Tata Group, has announced its intention to consider a stock split proposal at its upcoming board meeting on August 4. This development adds a new dimension to the previously scheduled meeting, which was originally set to approve the company's quarterly financial results for the period ending June 30.

Stock Split Proposal

The company has informed the stock exchanges that its Board of Directors will evaluate a proposal for altering the share capital through a sub-division or split of the existing equity shares. Currently, Tata Investment Corp's shares have a face value of Rs 10.00 each. The exact ratio or terms of the proposed split have not been disclosed at this time.

Regulatory Compliance

In adherence to regulatory requirements, Tata Investment Corp has notified the BSE Limited and the National Stock Exchange of India Ltd. about this addition to the board meeting agenda. The company emphasized that any decision regarding the stock split would be subject to shareholder approval and any necessary regulatory or statutory clearances.

Company Profile

Tata Investment Corporation Limited operates as an investment holding company, maintaining a diverse portfolio that includes investments in listed and unlisted equity shares, debt instruments, and mutual funds. Established in 1937, the company serves as a gateway for retail investors seeking exposure to various Tata Group businesses.

The potential stock split, if approved and implemented, could increase the liquidity of Tata Investment Corp's shares in the market. However, investors should note that a stock split does not inherently change the fundamental value of their holdings or the company itself.

Shareholders and market observers will be keenly awaiting the outcome of the August 4 board meeting for further details on both the proposed stock split and the company's quarterly financial performance.