Tata Steel Ltd announces 1:10 stock split

The Board of Directors ('Board') of Tata Steel Limited ('Company') at its meeting held today, i.e., May 3, 2022, has considered the proposal for sub-division of 1 equity share of the Company having face value of ₹10/- each into 10 (Ten) equity shares having face value of ₹1/- each, subject to regulatory/statutory approvals as may be required and the approval of the shareholders of the Company.

Further, the Board recommended consequential amendments in the Capital Clause of the Memorandum of Association of the Company and Articles of Association of the Company, subject to approval of the Shareholders of the Company. The record date for the sub-division of equity shares shall be decided by the Board and announced later.

Shares of Tata Steel Limited was last trading in BSE at Rs. 1295.10 as compared to the previous close of Rs. 1271.70. The total number of shares traded during the day was 458759 in over 16757 trades.

The stock hit an intraday high of Rs. 1302.70 and intraday low of 1248.75. The net turnover during the day was Rs. 586272673.00.

Source : Equity Bulls

Keywords

TataSteel INE081A01012 StockSplit SubDivision