Shares of Tata Investment Corporation Ltd surged 4.65% to ₹7,619.50 on Tuesday after the company announced the record date for its first-ever stock split. The move comes following shareholders’ approval for the sub-division of shares.
In an exchange filing dated September 22, the company confirmed that the stock split ratio has been set at 10:1, meaning each share will be split into 10 new shares. Accordingly, the face value of the company’s equity shares will change from ₹10 per share to Re 1 per share.
The decision marks a significant milestone for Tata Investment Corporation, a non-banking financial company (NBFC) under the Tata Group. By increasing the number of shares in circulation, the company aims to make its stock more affordable for retail investors and improve liquidity in the market.
At the time of writing, Tata Investment shares were trading near their 52-week high of ₹7,630, reflecting strong investor enthusiasm following the split announcement.
