This Tata Group company may approve first-ever stock split today
What's the story
Tata Investment Corporation Ltd., a member of the Tata Group, is set to hold its board meeting today to consider a stock split. This would be the company's first stock split since listing in 1998, involving a potential subdivision of ₹10 face value shares. The move comes after other companies like MCX and Adani Power recently approved similar measures during their respective board meetings on August 1.
Impact
Stock split aims to enhance liquidity and accessibility
The proposed stock split aims to enhance liquidity and accessibility of Tata Investment shares among retail and small investors. If approved, the sub‑division could make shares more affordable and potentially widen the company's shareholder base. The company has not yet disclosed the split ratio or record date, which are expected to be announced during or immediately after the board meeting today.
Financial overview
No major price movement seen over past month
Unlike many companies, Tata Investment Corporation hasn't issued bonus shares to its shareholders in the past. However, it has maintained a consistent dividend payout record over the years. The company paid dividends of ₹28 per share in 2024, and a higher amount of ₹48 per share in 2023. At the time of writing, the company's shares were trading up by 0.15% at ₹6,792.5. In the past one month, the stock has seen no major price movement.