Stock Split: Tata Group company board approves first and only share division

6 hours ago

HomeMarket NewsStock Split: Tata Group company board approves first and only share division

Tata Investment Corporation's current stock split will be the only one that the company carries out.

 Tata Group company board approves first and only share division

Tata Investment Corporation Ltd., the Tata Group company has announced a stock split for its shareholders, alongside its quarterly results for the April-June period on Monday, August 4.

The board has approved a stock split in the ratio of 1:10 for its shareholders, which means one share with a face value of ₹10 will be divided into 10 shares of ₹1 each. This also means that the current stock split will be the only one that the company approves as face value cannot go below ₹1.

The Tata Group company has become the third company in recent times to announce a stock split, after MCX and Adani Power

, both of which approved dividing one equity of face value of ₹10 into five shares of ₹2 each at the conclusion of their respective board meet on Friday, August 1.

Tata Investment has not issued bonus shares to its shareholders in the past.

The Tata Group enterprise though has regularly paid dividends to its shareholders, having paid ₹27 per share, ₹28 per share and ₹48 per share in 2025, 2024 and 2023 respectively.

Record date for the stock split has not yet been announced.

For the June quarter, Tata Investment's net profit increased by 11.5% from last year to ₹146 crore, while revenue remained flat, increasing by just 2% to ₹145.5 crore.

Shares of Tata Investment Corporation are trading 4.2% higher after the stock split announcement at ₹7,048. The stock has remained flat on a year-to-date basis.

First Published: 

Aug 4, 2025 8:57 AM

IST

Read Full Article at Source