Tourism Finance Corp Shares to Trade Ex-Split on Friday in 1:5 Stock Split
Tourism Finance Corporation of India (TFCI) is executing a 1:5 stock split, reducing the face value of shares from Rs 10 to Rs 2. The ex-split date is set for Friday, with a record date of September 19. This action will increase outstanding shares from 9.25 crore to 46.29 crore, while maintaining the paid-up capital at Rs 92.59 crore. The split aims to improve stock liquidity and accessibility for retail investors.
*this image is generated using AI for illustrative purposes only.
Tourism Finance Corporation of India (TFCI) is set to implement a significant corporate action that will impact its share structure. The company's shares will trade ex-split on Friday, following a decision to split its stock in a 1:5 ratio. This move is expected to enhance liquidity and make the stock more accessible to retail investors.
Stock Split Details
- Split Ratio: 1:5
- Current Face Value: Rs 10 per share
- New Face Value: Rs 2 per share
- Record Date: September 19
- Ex-Split Date: Friday (upcoming)
Impact on Share Structure
The stock split will have several implications for TFCI's share structure:
| Aspect | Pre-Split | Post-Split |
|---|---|---|
| Face Value | Rs 10.00 | Rs 2.00 |
| Outstanding Shares | 9.25 crore | 46.29 crore |
| Paid-up Capital | Rs 92.59 crore | Rs 92.59 crore |
It's important to note that while the number of shares will increase, the paid-up capital remains unchanged at Rs 92.59 crore. This ensures that there is no dilution of shareholder value despite the increase in the number of shares.
Investor Considerations
Investors who wish to be eligible for the split shares must hold the stock by the record date of September 19. After the split, shareholders will receive five shares for each share they currently hold.
About Tourism Finance Corporation of India
Tourism Finance Corporation of India is a Non-Banking Financial Company (NBFC) that specializes in funding projects within the tourism and hospitality sector. The company's focus areas include:
- Hotels
- Resorts
- Entertainment facilities
- Travel infrastructure
By implementing this stock split, TFCI aims to improve the liquidity of its shares and make them more affordable for retail investors. This corporate action could potentially broaden the company's investor base and increase trading activity in its stock.
As the tourism and hospitality sectors continue to evolve, TFCI's role in financing key projects positions it as an important player in the industry's growth and development.
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